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Thursday, June 28, 2012

''IMF snub irks Zimbabwe''

From ZBC

''The International Monetary Fund (IMF) says it is not in a position to provide financial assistance to the economy in a move that has raised concern over its commitment to restore ties with Zimbabwe.

According to resolutions by a visiting IMF team, the Bretton Woods institution says it will restore funding after the repayment of outstanding debts of about US$200 million.

The move has however raised concern among stakeholders over the IMF’s continuous visits to the country with business experts calling on government to ignore the institution’s policies and advice.''

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