Zimbabwe needs 8% growth rate

ZIMBABWE needs an annual growth rate of up to 8% over the next 10 to 15 years to revamp its economy, its finance minister said yesterday – in addition to major reforms agreed with the International Monetary Fund.

On Wednesday, Patrick Chinamasa said President Robert Mugabe had agreed to reforms as the government tries to woo back international lenders.

Chinamasa and Reserve Bank governor John Mangudya are leading Zimbabwe’s re-engagement with international lenders.

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