Zimbabwe hopeful on IMF programme

Zimbabwe hopeful on IMF programme
Published: 23 September 2013
Zimbabwe is hopeful it will fulfil the set targets on the International Monetary Fund supervised economic reform programme, Finance minister Patrick Chinamasa said last week.

In June, the IMF agreed on a Staff Monitored Programme on Zimbabwe that will run until December with the country setting itself some benchmarks that have to be attained during the tenure of the supervised programme.

Zimbabwe has so far missed a June 30 deadline of ensuring that diamond revenue from Marange flows into Treasury.

Zimbabwe had told the IMF that it would issue a Statutory Instrument by the end of June 2013, that establishes a clear formula for the calculation and remittance of any dividends to government from those entities it holds shares in.

This has not been done amid indications that the country will seek an extension of the SMP, arguing that it had lost 3 months engrossed in election-related issues that had virtually paralysed government operations.

- Standard
Tags: IMF,


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