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Broke Zimbabwe Paying U.S.$150K On U.S.$124 Million IMF Debt
THE International Monitory Fund IMF has said Zimbabwe should show a commitment to clearing its accumulative debt if the country is serious about re-engaging with the international financial community.
Harare's external debt, at $10 billion, continues to block access to fresh funding and government feels its resolution would bring the economy on the growth path
The country owes the IMF and the World Bank $124 million and $1 billion respectively.
An IMF delegation which has been in the country over the past two weeks on a review mission told a press conference Monday that Zimbabwe was paying a monthly instalment of $150,000 as its debt repayment.
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