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Vulnerabilities to increase in Zimbabwe – IMF report

00Vulnerabilities to increase in Zimbabwe – IMF report HARARE – The International Monetary Fund, in its April Regional Economic Outlook released this morning,said economic vulnerabilities will increase further in Zimbabwe, despite improvement in the country’s key sectors such as mining and agriculture and a positive outlook for regional growth. The report, titled Sub-Saharan Africa: Restarting…

Zim’s fiscal position to recover in 2017 – BMI

00Zim’s fiscal position to recover in 2017 – BMI HARARE  – According to research firm BMI , Zimbabwe’s  real  GDP  growth   is set to  remain  relatively   weak  by  regional   standards  over  the coming decade. The firm however indicated that an improvement in Zimbabwe’s external position will remove one of the key constraints to GDP growth…

CSD to migrate to T+3 settlement cycle in May

00CSD to migrate to T+3 settlement cycle in May HARARE – Chengetedzai Depository Company will from next week change its settlement cycle to trade date plus three business days (T+3) from the current trade date plus five business days (T+5). In a communique sent to market participants, the new settlement cycle will affect all trades…

Zimbabwe falling behind – World Bank

00Zimbabwe falling behind – World Bank HARARE – Zimbabwe is among the six countries in Africa that saw their debt to GDP ratios increasing by more than 20 percent, a report released by the World Bank says. The report, Africa’s Pulse, says economic growth in Sub-Saharan Africa is rebounding in 2017 after registering the worst…

Zimra surpasses Q1 revenue collection targets by 6.09%

00Zimra surpasses Q1 revenue collection targets by 6.09% HARARE – Zimbabwe Revenue Authority exceeded its first quarter revenue collection targets by 6.09 percent, with actual gross collections amounting to $862.47 million against a target of $812.94 million. Net revenue grew from $724.89 million in the same period in 2016 to $826.63 million in 2017, which…

IMF revises Zim growth upwards to 2%

00IMF revises Zim growth upwards to 2% HARARE – The International Monetary Fund (IMF) continues to be bullish on the 2017 global growth and has marginally reviewed world output projections upwards from the 3.1 percent announced in its October 2016 outlook to 3.5 percent. In its April World Economic Outlook released today, the IMF says…

Resource misallocation causing low productivity in developing countries: Report

00Resource misallocation causing low productivity in developing countries: Report As Zimbabwe seeks to optimize revenue collection from the informal sector, a new research from the International Monetary Fund (IMF) has tipped that lower compliance costs and stronger enforcement can reduce the unfair cost advantages informal firms enjoy, to make room for more productive and tax…

Emerging and developing countries to contribute 75% to 2017 global growth

00Emerging and developing countries to contribute 75% to 2017 global growth HARARE – The International Monetary Fund (IMF) says after six years of disappointing growth, the world economy is gaining momentum as a cyclical recovery holds out the promise of more jobs, higher incomes, and greater prosperity going forward. In a statement prior to the…

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