FREE BOOKS

Author's List




PREV.   NEXT  
|<   3098   3099   3100   3101   3102   3103   3104   3105   3106   3107   3108   3109   3110   3111   3112   3113   3114   3115   3116   3117   3118   3119   3120   3121   3122  
3123   3124   3125   3126   3127   3128   3129   3130   3131   3132   3133   3134   3135   3136   3137   3138   3139   3140   3141   3142   3143   3144   3145   3146   3147   >>   >|  
rts and contain inflation. Although poverty continues to be significant problem in Zambia, its economy has strengthened, featuring single-digit inflation, a relatively stable currency, decreasing interest rates, and increasing levels of trade. Zimbabwe The government of Zimbabwe faces a wide variety of difficult economic problems as it struggles with an unsustainable fiscal deficit, an overvalued official exchange rate, hyperinflation, and bare store shelves. Its 1998-2002 involvement in the war in the Democratic Republic of the Congo drained hundreds of millions of dollars from the economy. The government's land reform program, characterized by chaos and violence, has badly damaged the commercial farming sector, the traditional source of exports and foreign exchange and the provider of 400,000 jobs, turning Zimbabwe into a net importer of food products. The EU and the US provide food aid on humanitarian grounds. Badly needed support from the IMF has been suspended because of the government's arrears on past loans and the government's unwillingness to enact reforms that would stabilize the economy. The Reserve Bank of Zimbabwe routinely prints money to fund the budget deficit, causing the official annual inflation rate to rise from 32% in 1998, to 133% in 2004, 585% in 2005, passed 1000% in 2006, and 26000% in November 2007. Private sector estimates of inflation in 2007 are well above 100,000%. Meanwhile, the official exchange rate fell from approximately 1 (revalued) Zimbabwean dollar per US dollar in 2003 to 30,000 per US dollar in 2007. This page was last updated on 18 December 2008 ====================================================================== @2117 Pipelines (km) Afghanistan gas 466 km (2007) Albania gas 339 km; oil 207 km (2007) Algeria condensate 1,532 km; gas 13,861 km; liquid petroleum gas 2,408 km; oil 6,878 km (2007) Angola gas 234 km; liquid petroleum gas 85 km; oil 896 km; oil/gas/water 5 km (2007) Argentina gas 28,657 km; liquid petroleum gas 41 km; oil 5,607 km; refined products 3,052 km; unknown (oil/water) 13 km (2007) Armenia gas 2,036 km (2007) Australia condensate/gas 469 km; gas 26,719 km; liquid petroleum gas 240 km; oil 3,720 km; oil/gas/water 110 km (2007) Austria gas 2,722 km; oil 663 km; refined products 157 km (2007) Azerbaijan gas 3,857 km; oil 2,436 km (2007)
PREV.   NEXT  
|<   3098   3099   3100   3101   3102   3103   3104   3105   3106   3107   3108   3109   3110   3111   3112   3113   3114   3115   3116   3117   3118   3119   3120   3121   3122  
3123   3124   3125   3126   3127   3128   3129   3130   3131   3132   3133   3134   3135   3136   3137   3138   3139   3140   3141   3142   3143   3144   3145   3146   3147   >>   >|  



Top keywords:
Zimbabwe
 
petroleum
 
liquid
 
government
 
inflation
 
official
 

exchange

 

products

 

dollar

 

economy


sector

 

deficit

 
condensate
 

refined

 

annual

 

causing

 

budget

 
Zimbabwean
 

revalued

 
routinely

prints
 
Meanwhile
 
estimates
 
Private
 
November
 
passed
 

approximately

 

Australia

 

Armenia

 

unknown


Azerbaijan

 
Austria
 

Argentina

 
Afghanistan
 

Albania

 

Pipelines

 
December
 

Algeria

 
Angola
 
updated

struggles

 
unsustainable
 

problems

 

variety

 

difficult

 

economic

 

fiscal

 

overvalued

 

involvement

 

Democratic