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Zimbabwe pledges to curb spending, re-engage global lenders
December 7, 2017 / 2:10 PM / 5 days ago

Zimbabwe pledges to curb spending, re-engage global lenders

HARARE, Dec 7 (Reuters) - Zimbabwe’s new government pledged on Thursday to re-engage with international lenders, curb spending and attract investors in order to revive its battered economy.

In the first budget since last month’s removal of long-time ruler Robert Mugabe, Finance Minister Patrick Chinamasa said the government would amend indigenisation laws, limiting a 51 percent local ownership requirement to just the platinum and diamond sectors. (Reporting by Emelia Sithole-Matarise; Editing by Ed Cropley)

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