Published: 13 May 2014

Zimbabwe's economy may slip into recession by 2015 if there are no fundamental policy shifts, according to Reserve Bank of Zimbabwe (RBZ) deputy governor Kupukile Mlambo.

Mlambo said this while addressing a recent SAPES and NED conference on Zimbabwe "Going Forward: Consolidating the democratization process and reinforcing re-engagement with the global community."

Mlambo said the country's $7 billion debt overhang needed to be addressed by adopting the Highly Indebted Poor Country (HIPC) strategy which would afford the country debt relief.
- The herald

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