NCUBE CLARIFIES IMF POSITION ON SALARIES
The IMF’s resident representative in Zimbabwe warned the
government against boosting wages for state workers after the introduction of a
new currency pushed up inflation and reduced spending power to a tenth of what
it was as recently as February.
…
The IMF’s resident representative in Zimbabwe warned the
government against boosting wages for state workers after the introduction of a
new currency pushed up inflation and reduced spending power to a tenth of what
it was as recently as February.
In the six years to 2016 Zimbabwe boosted pay for its about
400,000 civil servants to a level where their pay accounted for more than 90%
of tax