IMF to visit Zimbabwe March 2014 - Zimbabwe Situation

IMF to visit Zimbabwe March 2014

via IMF to visit Zimbabwe | The Financial Gazette 6 Mar 2014

The International Monetary Fund (IMF) is to send a mission to Zimbabwe this month for a review of the country’s progress in implementing its Staff Monitored Programme (SMP), sources said this week. The Financial Gazette’s Companies & Markets could not immediately establish the dates of the visit.

An SMP is an informal agreement between country authorities and Fund staff to monitor the implementation of the authorities’ economic programme. SMPs do not entail financial assistance or endorsement by the IMF executive board.

Zimbabwe signed its first IMF agreement in more than a decade in June 2013 during an inclusive government consisting of three political parties, the two MDC formations and ZANU-PF. It was spearheaded by former finance minister Tendai Biti.

However, after dissolution of the inclusive government, the new Finance Minister Patrick Chinamasa requested a six-month extension of SMP to enable government to strengthen its policies and deliver on outstanding commitments under the programme.

COMMENTS

WORDPRESS: 3
  • comment-avatar
    John Thomas 4 years

    Don’t bother IMF. There is nothing for you to see here.

  • comment-avatar

    Who called IMF, they look for their interest, they deceived deeply in Africa but now we no longer in need their conditioned loan, Africa doesn’t need fake papers they have green leaves to eat.

  • comment-avatar
    Ndebvu Mukomichi 4 years

    IMF Again?

    What do they want in Zim? they are the big boys’ tool for regime change and destabilisation – Ukraine is a good example of their modus operandi: They are rushing in with loans as if they want to help. They are the machinery of cruelty and subtle economic conquest.