Zim’s Debt Clearance Plan Gets Thumbs-Up

The AfDB says the IMF’s supervised economic reform is indicative of the significant improvement in Zimbabwe's cooperation on economic policies and its commitment to address its arrear problems

The African Development Bank (AfDB) says the International Monetary Fund's (IMF) supervised economic reform is indicative of the significant improvement in Zimbabwe's cooperation on economic policies and its commitment to address its arrear problems.

The bank points out that the, "Implementation of the Staff Monitored Programme (SMP) should help establish a track record of sound policies and is an important stepping-stone towards arrears clearance and an IMF-supported debt relief programme."

It further states that debt relief should help free resources from debt service to support the underfunded public sector investment programme.

To read the article titled, “AFDB commends Zim's debt clearance plan,” click here.

Source: 
All Africa

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