Business / Economy
IMF, World bank won't fund dis-organised Zimbabwe, says Chinamasa
23 Jun 2016 at 10:52hrs | Views
Finance Minister, Patrick Chinamasa on Wednesday said Zimbabwe's collapsing economy cannot rely on the multi-lateral financial institutions if government is not organised.
He said groups such as IMF, World Bank will never fund Zimbabwe if it is not organised and well managed.
He maintains that economic salvation lies in effective utilisation of domestic resources.
"I have said we must put our eggs in all baskets that are available.
"We must engage everybody, we must be a friend of everyone and above all, we must also look inward. All our reforms are geared towards unlocking domestic resources."
Zimbabwe has struggled to finance its economic revival plan, which required about $27 billion for implementation.
Source - Byo24News
