European Knight
03-10-2015, 06:26 PM
http://allafrica.com/download/pic/main/main/csiid/00100571:e87dd2f6d62db78fa7f2863e4110ac23:arc614x3 76:w614:us1.jpg
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.
http://allafrica.com/c/-5U7DX
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.
http://allafrica.com/c/-5U7DX