Zimbabwe's Finance Minister to Ensure Fiscal Discipline to Tame Inflation

The transcript discusses efforts to restore stability in a country facing economic challenges, including high inflation driven by the parallel market. Measures to address these issues include fiscal discipline, reducing government expenditure, and moving towards currency reform. The discussion also covers the conditions necessary for reintroducing a national currency, such as fiscal discipline and building monetary policy institutions. Additionally, the transcript touches on managing international debt and seeking credit lines from various countries and private sectors.

What is the inflation rate mentioned in the first section, and how does it compare to past episodes?

• 25%, the highest since five years ago

• 31%, the highest since a decade ago

• 20%, the highest since two decades ago

• 15%, the highest since last year

What is identified as a primary driver of inflation in the second section?

• Foreign investments

• Parallel market pricing

• Government subsidies

• Natural disasters

Which fiscal measure is emphasized to address inflation in the second section?

• Increasing government expenditure

• Reducing fiscal discipline

• Cutting back on government expenditure

• Raising taxes

What is a key condition for reintroducing the country's own currency mentioned in the third section?

• Increasing foreign debt

• Fiscal discipline

• Reducing exports

• Increasing inflation

What progress is noted since October 2017 in the third section?

• Increase in government expenditure

• Decrease in foreign investments

• Rise in inflation rates

• Stabilization of parallel market premiums

Which institutions are prioritized for debt clearance in the final section?

• Asian Development Bank and Inter-American Development Bank

• World Bank and African Development Bank

• International Monetary Fund and European Central Bank

• Bank of England and Federal Reserve

What strategy is being pursued to support economic recovery in the final section?

• Increasing domestic taxes

• Cutting public sector jobs

• Seeking bailout loans from various countries and private sector

• Reducing foreign trade