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Zimbabwe enters economic recovery
Fri, 03 Jul 2009 14:14
TradeInvestAfrica staff



Following the formation of a unity government and implementation of improved economic policies, Zimbabwe is showing some signs of economic recovery, reports Reuters.

In a statement on Thursday the International Monetary Fund (IMF) mission chief, Vitaliy Kramarenko, said that "a more liberal economic environment, price stability, a deepening in financial intermediation, and increased access to foreign credit lines underpinned a pickup in economic activity.”

Zimbabwe remains in arrears to its creditors, but an endorsement from the IMF will go a long way towards increasing investor confidence in the country.

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