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'IMF negotiations have gone well so far,' says Chinamasa
13 Oct 2013 at 06:20hrs | Views
Finance Minister Patrick Chinamasa has revealed that negotiations with the International Monetary Fund (IMF) and the World Bank (WB) have "gone on well so far".
In a telephone interview from Washington DC, where he is attending the annual IMF and WB meetings, Chinamasa on Friday expressed confidence that the week-long engagements, which began last Tuesday, will yield positive results.
Chinamasa, who is leading a high-powered delegation of officials from his ministry and technocrats would not go into detail on the content of discussions that have been held to date.
"All I can say so far is that the meetings have gone on well," said Chinamasa.
"We are still carrying out the discussions and we are expecting to come back home on Tuesday or on Wednesday.
"After this we will be able to give the full picture of what would have transpired," he said.
African Finance Ministers attending the meetings are scheduled to issue a joint press statement on the impact of the meetings on the continent.
According to the IMF, the framework for the meetings provides countries such as Zimbabwe with a convenient platform to advance engagement as dialogue can extend beyond the tabled agenda.
"Because the Annual Meetings bring such a large number of member country officials together, they provide opportunities for consultations large and small, formal and informal.
"Numerous seminars are held in conjunction with the meetings, including seminars conducted by staff members for members of the Press. The Annual Meetings Programme of Seminars is designed to foster creative dialogue among the private sector, government delegates and senior Bank and Fund officials," read a statement posted on the IMF website to explain the purpose of the meetings.
Zimbabwe's debt to international institutions that include the IMF, WB and Africa Development Bank stands at US$10, 7 billion. Last month, Chinamasa revealed that Government will continue to engage international institutions to explore ways of unlocking funding despite the nation's debt.
In a telephone interview from Washington DC, where he is attending the annual IMF and WB meetings, Chinamasa on Friday expressed confidence that the week-long engagements, which began last Tuesday, will yield positive results.
Chinamasa, who is leading a high-powered delegation of officials from his ministry and technocrats would not go into detail on the content of discussions that have been held to date.
"All I can say so far is that the meetings have gone on well," said Chinamasa.
"We are still carrying out the discussions and we are expecting to come back home on Tuesday or on Wednesday.
African Finance Ministers attending the meetings are scheduled to issue a joint press statement on the impact of the meetings on the continent.
According to the IMF, the framework for the meetings provides countries such as Zimbabwe with a convenient platform to advance engagement as dialogue can extend beyond the tabled agenda.
"Because the Annual Meetings bring such a large number of member country officials together, they provide opportunities for consultations large and small, formal and informal.
"Numerous seminars are held in conjunction with the meetings, including seminars conducted by staff members for members of the Press. The Annual Meetings Programme of Seminars is designed to foster creative dialogue among the private sector, government delegates and senior Bank and Fund officials," read a statement posted on the IMF website to explain the purpose of the meetings.
Zimbabwe's debt to international institutions that include the IMF, WB and Africa Development Bank stands at US$10, 7 billion. Last month, Chinamasa revealed that Government will continue to engage international institutions to explore ways of unlocking funding despite the nation's debt.
Source - sundaymail
