Advertisement

Help
You are here: Rediff Home » India » Business » Slide Shows » Photos
Search:  Rediff.com The Web
  Email  |    Discuss  |   Get latest news on your desktop

Back More

11.2 million % inflation! How is Zimbabwe surviving?

September 18, 2008

How will the political talks help solve the economic problem?

As soon as Zimbabwe demonstrates some political stability and the rival parties come to some agreement, the International Monetary Fund will help it with policies to stabilise the economy, improve social conditions and reduce poverty.

The IMF Managing Director Dominique Strauss-Kahn has urged the Zimbabwean government to take steps to show clear commitment to a new policy direction and to seek the support of the international community.

The IMF has, however, said that the country's leaders must first make clear commitments to rescue the economy.

With political stability, Zimbabwe can look forward to foreign investment coming into its various sectors, a rise in production and jobs, better education leading to better manpower, improved life spans, and better times.

Although it might take a while, economic conditions in Zimbabwe can become better.

Image: A Zimbabwean policeman stands guards at a shops in Harare. | Photograph: Aaron Ufumeli/AFP/Getty Images

Also read: sQuba, world's first swimming car!
Back More

© 2008 Rediff.com India Limited. All Rights Reserved.Disclaimer | Feedback