Zimbabwe needs predictable policy to support currency, World Bank says

WTVB

Center

Media Conglomerate: Midwest Communications

Zimbabwe needs predictable policy to support currency, World Bank says

By Nyasha Chingono HARARE (Reuters) – Zimbabwe needs to make its fiscal and monetary policy more predictable to instil confidence in its depreciating currency, a senior World Bank official said on Friday. It could make progress by moving away from the central bank’s “quasi-fiscal operations”, Victoria Kwakwa, the World Bank’s Regional Vice President for Eastern and Southern Africa, told Reuters in an interview. She did not spell out what tho…