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*Country’s Challenges Will Remain Acute In The Short-To-Medium Term - Research Unit* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?op Africa Monitor report, Fitch Solutions says Zimbabwe’s new monetary system is unlikely to yield quick results. It also projected the country’s challenges to remain acute in the short-to-medium term. Zimbabwe recently responded to issues relating to the scarcity of foreign currency shortages by introducing austerity measures. Fitch Solutions said that transformation is likely going to be lethargic given sizeable political and economic challenges. The report read: > However, political pressure to continue raising wages for public sector workers — particularly the security cluster — will likely undercut government efforts to pare back spending. Reduced access to the supply of basic consumer goods and rising prices have led to widespread protests in recent months, which the military and police have been instrumental in helping to contain. > As such, we believe President (Emmerson) Mnangagwa sees it as essential in order to maintain the support of the national security forces, even at the expense of higher spending. While we deem it somewhat unlikely that the government will comply with the soldiers’ demands to be paid in US dollars following the introduction of a transitional currency (the RTGS dollar), we do see the risk of further pay rises for public sector workers in the quarters ahead, in order to prevent strikes and unrest. This slow pace has been projected to result in serious debt management implications and subsequent failure to have access to lines of credit. That would be tricky considering that Zimbabwe’s external stock stood at US$8,2 billion as at the end of March 2019. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- More: NewsDay _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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