Arrears stifling Zim growth

Arrears stifling Zim growth
Published: 09 May 2014

The World Banks says Zimbabwe's arrears with international financial institutions are stifling accelerated economic growth by limiting access to new finance.

WB senior country economist Nadia Piffaretti made the remarks at a Sapes Trust conference in her presentation "Conditions for recovery in productive sectors".

Piffaretti cited challenges in the country including tightening credit conditions, high cost of capital exceeding returns, low industrial and farm productivity, vulnerable smallholder agriculture, low domestic savings and mineral dependence among others.

She said growth is weakening.
- herald
Tags: WorldBank, Debt,

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