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Zimbabwe has finally settled its 16 year old International Monetary Fund (IMF) debt of US$107.9m.
Zimbabwe has finally settled its 16 year old International Monetary Fund (IMF) debt of US$107.9m.
In the biggest surprise to the whole world, the broke Mugabe’s Zanu PF regime of Zimbabwe has finally paid off its 16-year debt to the International Monetary Fund (IMF) as part of its arrears clearance strategy with multilateral institutions whom it owed.
The International Monetary Fund (IMF) director of communications Gerry Rice report on Friday, indicated that the Zimbabwe government settled its overdue financial obligations to the Poverty Reduction and Growth Trust of the IMF on Thursday 20 October.
Zimbabwe’s status is now rated current on all its financial obligations to the IMF. More news to follow,…..By Sibusiso Ngwenya