European Parliament Library

Zimbabwe :, 2010 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Zimbabwe

The macroeconomic outlook for 2010 on unchanged policies is daunting. Short-term risks are skewed to the downside and the medium-term outlook is bleak in the absence of significant improvement in policies. The macroeconomic outlook could significantly improve if policies are strengthened. Counting on a significant increase in donor financing and budget revenue, the approved 2010 budget ramped up both wages and capital expenditures. The recent increase in the wage bill has significant adverse macroeconomic implications. The medium-term fiscal position is clearly unsustainable
Table Of Contents
""Cover""; ""Table of Contents""; ""I. Summary and Staff Appraisal""; ""II. Fragile Recovery Following a Decade of Economic Decline""; ""III. Macroeconomic Outlook""; ""A. Outlook on Unchanged Policies""; ""B. Active Policy Scenario""; ""IV. Policy Discussions""; ""A. Creating Sufficient Fiscal Space for Growth- and Socially-Oriented Spending While Moving Toward Fiscal Sustainability""; ""B. Safeguarding Financial Sector Stability in the Multi-Currency Regime""; ""C. Moving toward External Stability and Sustainable Growth""; ""V. Conclusion""; ""Tables""
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (54 p.)
Specific Material Designation
Form Of Item

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