Zimbabwe Needs to Clarify its Black Ownership Laws, IMF Says
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Zimbabwe must provide more clarity on its black empowerment laws to investors and relax labor laws in order to restore confidence in the economy, newly appointed IMF Resident Representative Christian Beddies said.
Three “key reforms” could see Zimbabwe regain access to bilateral lenders like the International Monetary Fund, Beddies said in an e-mailed response to questions on Oct. 31. In addition to clarifying indigenization laws and easing labor restrictions, Zimbabwe must restore “confidence in the financial sector” and start spending more on infrastructure and less on its wage bill, the IMF representative said.