Download or read book Macroeconomic Structure and Policy in Zimbabwe written by Ibrahim Elbadawi and published by World Bank Publications. This book was released on 1991 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: A macroeconomic general equilibrium model for Zimbabwe.
Download or read book Macroeconomic and Structural Adjustment Policies in Zimbabwe written by Clever Mumbengegwi and published by Springer. This book was released on 2001-12-17 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: The policy relevant analysis of this volume examines nearly twenty years of Zimbabwe's macroeconomic and structural adjustment experiences since independence. Part One analyses the impact on economic growth, inflation, employment and labour markets. Part Two deals with financial liberalization, and the financial turmoil and currency crisis experienced in the wake of reforms. Part Three examines trade liberalization and its impact on investment and income distribution. Part Four gives sectoral perspectives on the agricultural, manufacturing and health sectors.
Download or read book Macroeconomic Policy Reforms and Agriculture written by Romeo M. Bautista and published by Intl Food Policy Res Inst. This book was released on 2002-01-01 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report investigates the income and equity effects of macroeconomic policy reforms in Zimbabwe, emphasizing linkages between macroeconomic policies and agricultural performance and agriculture's influence on aggregate income and its distribution. Analyses focus on reform of the foreign trade regime, public expenditure, and tax policy, along with the potential benefits of combining these structural changes with various land reform scenarios. The study uses a CGE model that provides a policy simulation laboratory in which exogenous policy changes are analyzed for their economywide income and equity effects.The report highlights the need for policy complementarities in Zimbabwe that can contribute to equitable growth. It should be of interest not only to those concerned with recent economic developments in Zimbabwe but also to those concerned with the broader issues of macroeconomic reform and its ultimate effects.
Download or read book The Economic Structural Adjustment Programme written by A. S. Mlambo and published by . This book was released on 1997 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses the origins and assesses the impact of Zimbabwe's economic structural adjustment programme (ESAP) between 1990 and 1995. Includes chapters on economic development, educational and health policies in the country for the period 1980-1990.
Download or read book Trade in Zimbabwe written by Richard Newfarmer and published by World Bank Publications. This book was released on 2015-05-26 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Zimbabwe, trade has been a driver of economic growth, rising incomes, and progressive empowerment of Zimbabweans through rising standards of living and the promise of better jobs. Since 1980, through good years and bad years, increases in exports have been positively associated with increases in national income. Zimbabwe's location and resource base, together with a low-cost but relatively well educated labor force, have endowed it with a naturally high trade ratio built on a diversified base that facilitates using trade as an engine of growth. While trade volumes have rebounded smartly from the deep recession of 2007-2008, these do not offset other worrisome longer-term trends: • Export growth during the last decade has been lacklustre and failed to drive high growth. • Agricultural exports, other than tobacco, have lost their once dominant role in the region, and are no longer a source of diversification. • Manufacturing has withered in a continuing secular decline. • Zimbabwe’s export basket has become less diversified and more dependent on a narrow range of mineral and, to a lesser extent, agricultural products. In short, exports have become less diversified, less-technologically sophisticated, and less labor-intensive - and ever more dependent on a few large mining activities to provide foreign exchange and employment. This report traces the roots of this poor performance to several policy issues: poor predictability of macroeconomic policy and economic governance has created an unfavorable climate for private investment and trade; a tariff structure that dampens export profitability; industrial policies - indigenization policy in particular - that undermine investor confidence and inhibits private investment; and finally, competition-limiting policies toward services that limit connectivity of Zimbabweans and raise trade costs. The good news arising from the study is that the remedies for these policy shortcomings lie in Zimbabwean hands. If the government were to adopt reforms that reconfigure economy-wide incentives and trade and industrial policies, it could promote sustained growth, economic diversification and empowerment of poor people.
Download or read book Zimbabwe written by International Monetary Fund and published by International Monetary Fund. This book was released on 1997-07-25 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports economic developments in Zimbabwe during the 1990s. In 1991, the government officially launched its comprehensive Economic and Structural Adjustment Program—covering fiscal years 1991 through 1995—to strengthen growth and employment prospect. Despite the success achieved in carrying out a number of structural reforms, persistently large budget deficits presented a serious impediment to growth. The failure to bring the government budget under control was reflected in high levels of spending, which contributed to an uncompetitive exchange rate and necessitated excessive borrowing and high real interest rates.
Download or read book Zimbabwe written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2015-04-28 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: EXECUTIVE SUMMARY Context. The Zimbabwean authorities have made progress in implementing their macroeconomic and structural reform programs, despite the economic and financial difficulties. During 2015, the authorities’ policy reform agenda will continue to focus on: (a) reducing the primary fiscal deficit to raise Zimbabwe’s capacity to repay; (b) restoring confidence in the financial system; (c) improving the business climate; and (d) garnering support for an arrears clearance strategy. Recent developments, outlook, and risks. Zimbabwe’s economic prospects remain difficult. Growth has slowed and is expected to weaken further in 2015. Despite the favorable impact of lower oil prices, the external position remains precarious and the country is in debt distress. Key risks to the outlook stem largely from a further decline in global commodity prices, fiscal challenges, and possible difficulties in policy implementation. However, the authorities are committed to intensifying their efforts to ensure successful implementation of the program and to lay the ground for stronger, more inclusive, and lasting economic growth. Program performance. All quantitative targets and structural benchmarks for the first review under the staff-monitored program (SMP) were met. The authorities demonstrated strong commitment to the program, in a difficult economic and financial environment. Moreover, they have made meaningful progress in implementing other key structural reforms, such as making operational an asset management company and amending the indigenization and empowerment law. Reengagement with creditors. The authorities have stepped up their reengagement with creditors, including by increasing payments to the World Bank (WB) and the African Development Bank (AfDB), a key step in their roadmap toward seeking rescheduling of bilateral official debt under the umbrella of the Paris Club. These developments constitute important steps toward reengaging with the international financial institutions (IFIs). They plan to step up their efforts to build consensus among creditors and development partners on ways to address the external arrears.
Download or read book Beyond the Enclave written by Godfrey Kanyenze and published by African Books Collective. This book was released on 2011 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beyond the Enclave sets out to unravel the contradiction of a country, Zimbabwe, where a rich, diverse resource base co-exists with endemic poverty. One reason lies in the colonial economy, which was predicated on an ideology of white supremacy, creating an enclave formal economy employing one-fifth of the labour force. Yet over three decades after independence, the non-formal segment has become even more entrenched. This book assesses Zimbabwe's economy through three main phases: 1980- 0 when a strong social policy framework proved difficult to sustain due to erratic growth, and 1991- 6, when "structural adjustment" demanded a market-driven approach to development. The third phase is characterized by crisis-management leading to policy inconsistencies and reversals. Not surprisingly, such incoherence saw the economy descend into hyperinflation and paralysis in 2007- 8, leading to the signing of the Global Political Agreement in September 2008. In the absence of formal dollarization, economic recovery after the adoption of the multi-currency regime has remained fragile, leaving an estimated 70 per cent of the population outside the banking system. This has further entrenched uneven (enclave) growth as the economy remains locked in a low-income poverty trap. There is a need to facilitate transition towards formality to promote decent jobs. Furthermore, a strategic, developmental role for the state in the economy is now widely recognized as vital for development. Beyond the Enclave argues for a new approach to development in Zimbabwe based on pro-poor and inclusive strategies, which will contribute to the well-being of all of its citizens and wise stewardship of its resources. It offers suggestions on policy formulation, implementation, monitoring and evaluation in all sectors, designed to promote inclusive growth and humane development.
Download or read book Zimbabwe written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2013-07-03 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This staff report for Zimbabwe highlights the key macroeconomic challenges of taking steps to improve fiscal and external sustainability and increase financial sector stability. Zimbabwe has made good progress in restoring macroeconomic stability since the end of hyperinflation in 2009, but the economic rebound is waning, and key challenges need to be tackled. Strong policies are needed to sustain the economic recovery, restore fiscal and external sustainability, and increase financial stability. This would place the economy on a long-term, sustained inclusive growth path. Implementation of indigenization and empowerment policies according to transparent rules, with due respect to property rights, remains essential to build investor confidence and attract needed foreign direct investment.
Download or read book Zimbabwe written by Zimbabwe. Ministry of Finance and Economic Development and published by . This book was released on 2004 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Zimbabwe written by Hevina Smith Dashwood and published by University of Toronto Press. This book was released on 2000-01-01 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dashwood argues that it was the class interests of the ruling elite of Zimbabwethat explains the failure of the government to devise a coherent, socially sensitive development strategy in conjunction with market-based reforms.
Download or read book An Assessment of the Macroeconomic Policy Formulation and Implementation Processes in Zimbabwe written by Gibson Chigumira and published by . This book was released on 2018 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Zimbabwe written by Suzanne Dansereau and published by Nordic Africa Institute. This book was released on 2005 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The two articles are revised versions of papers presented at the end of May 2004 to a Zimbabwe Conference at the Nordic Africa Institute, which was co-organized by the project "Liberation and Democracy in Southern Africa" (LiDeSA). They highlight current socio-economic aspects of Zimbabwean society. By doing so, they raise relevant issues, yet ones that have tended to be neglected given the almost exclusive concentration on political events. While this is understandable, the articles fill the gap in our knowledge and add insights into important sectors of society. These include information on the Zimbabwean economy and the present constraints of the decline, which together help us to understand the structural legacy that any future government will have to deal with. What is more, the elections in Zimbabwe in 2005 provide an ideal moment to discuss such matters. This Discussion Paper will thereby make a substantive contribution to the analysis of the overall picture in Zimbabwe.
Download or read book Uneven Zimbabwe written by Patrick Bond and published by Africa World Press. This book was released on 1998 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uneven Zimbabwe examines the influence of domestic and international financial markets and financiers in uneven development in Zimbabwe, using - and contributing to - the tools of radical political economy. Theoretically, Bond begins with criticism of the classical Marxist concepts of "finance capital" for focusing on institutional characteristics and failing to grasp underlying dynamics. Instead, as economic crisis tendencies emerge, the power of finance periodically intensifies, temporarily displacing crisis through time and space and across geographical scales. But the limits of the financial solution become evident when paper assets delink from the productive assets they are meant to represent, as well as in the role that finance plays in amplifying uneven development across different economic sectors, spaces and scales.
Download or read book Hyperinflation in Zimbabwe written by Tara McIndoe-Calder and published by Palgrave Pivot. This book was released on 2019-11-27 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the hyperinflation in Zimbabwe in the 2000s. The authors present a full description of the Zimbabwean hyperinflation in its relevant economic, historical and political context. They address parallels with other hyperinflations, discuss the economics of hyperinflation in general and of the Zimbabwean hyperinflation in particular, and provide a money demand estimation using a new dataset. The study concludes with several policy lessons. This book will be of interest to researchers in both social sciences and the humanities, as well as practitioners and policy-makers in development economics, and those in the banking industry.
Download or read book Zimbabwe written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2014-07-22 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: EXECUTIVE SUMMARY Zimbabwe’s performance under the Staff-Monitored Program (SMP) has been broadly satisfactorily through the difficult electoral transition period, and the authorities have taken corrective measures to restore a track record of policy implementation going forward. In the attached Letter of Intent (LOI), the authorities outline progress in implementing the SMP; the agreed quantitative targets and structural benchmarks to be monitored for the third review; and their plans to advance the structural reform agenda and to more generally strengthen performance under the SMP. Performance under the staff-monitored program. The SMP provided a useful anchor for Zimbabwe in an election year. However, progress in implementing the program was slowed by a long electoral process and a protracted post-election transition, as well as an adverse external environment. Thus, a number of quantitative targets and structural benchmarks were not met. The authorities have began implementing policy measures and a program of reforms aimed at addressing the fiscal gap that has emerged for 2014; improving the quality of public expenditures; enhancing financial sector stability; and moving forward delayed structural reform measures. The authorities have reiterated their continued commitment to the policies agreed under the SMP, and to enhanced engagement with the creditors and the international community. The authorities have agreed to the publication of the Letter of Intent, and the staff report.
Download or read book Zimbabwe written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2014-07-22 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: EXECUTIVE SUMMARY Zimbabwe’s performance under the Staff-Monitored Program (SMP) has been broadly satisfactorily through the difficult electoral transition period, and the authorities have taken corrective measures to restore a track record of policy implementation going forward. In the attached Letter of Intent (LOI), the authorities outline progress in implementing the SMP; the agreed quantitative targets and structural benchmarks to be monitored for the third review; and their plans to advance the structural reform agenda and to more generally strengthen performance under the SMP. Performance under the staff-monitored program. The SMP provided a useful anchor for Zimbabwe in an election year. However, progress in implementing the program was slowed by a long electoral process and a protracted post-election transition, as well as an adverse external environment. Thus, a number of quantitative targets and structural benchmarks were not met. The authorities have began implementing policy measures and a program of reforms aimed at addressing the fiscal gap that has emerged for 2014; improving the quality of public expenditures; enhancing financial sector stability; and moving forward delayed structural reform measures. The authorities have reiterated their continued commitment to the policies agreed under the SMP, and to enhanced engagement with the creditors and the international community. The authorities have agreed to the publication of the Letter of Intent, and the staff report.
