IMF urges Zimbabwe to tackle corruption for economy to pick up

HARARE, ZIMBABWE — The International Monetary Fund has asked Zimbabwe to rein in corruption — said to be costing the economy billions of dollars each year — while giving some rare praise for the country's new currency, the most stable Zimbabwe has seen in years. Following a recent mission to Zimbabwe, the IMF says the country's new Zimbabwe Gold currency, or ZiG, has ended a bout of macroeconomic instability that saw the preceding currency, the Zimbabwe dollar, suffer radical depreciation, causing prices to skyrocket.