IMF warns Zimbabwe over fiscal slippages as domestic debt swells

LIVINGSTONE MARUFU The International Monetary Fund (IMF) has warned Zimbabwe to tighten budget execution, strengthen cash and expenditure controls, maintain monetary discipline and accelerate governance reforms to enhance transparency and contain rising fiscal risks. The warning comes as Harare accumulated US$1.7 billion in domestic debt over the past 12 months, largely due to over-contracting, adding…