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IMF snubs Zimbabwe

by Staff reporter
2012 June 26 12:19:49 | 2103 Views

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The International Monetary Fund (IMF) says it is not in a position to provide financial assistance to the economy in a move that has raised concern over its commitment to restore ties with Zimbabwe.

According to resolutions by a visiting IMF team, the Bretton Woods institution says it will restore funding after the repayment of outstanding debts of about US$200 million.

The IMF delegation, which was in the country in the past two weeks, held meetings with government, captains of industry and the central bank, among other stakeholders.






Source: Byo24News

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