Business / Economy
IMF snubs Zimbabwe
26 Jun 2012 at 09:19hrs | Views
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.
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
