Business / Economy
Zimbabwe remains indebted to IMF
12 Sep 2011 at 09:33hrs | Views
Zimbabwe remains indebted to the IMF despite government's commitment to settle its arrears, according to new information from the global lender.
Last month, government said it would draw $140 million from the pool of the Special Drawing Rights awarded to Zimbabwe in 2009 and pay its arrears under the IMF's Poverty Reduction and Growth Trust.
According to an IMF latest report, Zimbabwe, Somalia and Sudan remain in protracted arrears to the fund. IMF said Zimbabwe's arrears to the PRGT have decreased slightly.
Last month, government said it would draw $140 million from the pool of the Special Drawing Rights awarded to Zimbabwe in 2009 and pay its arrears under the IMF's Poverty Reduction and Growth Trust.
According to an IMF latest report, Zimbabwe, Somalia and Sudan remain in protracted arrears to the fund. IMF said Zimbabwe's arrears to the PRGT have decreased slightly.
Source - Byo24News
