Zim to Pay-Off Arrears to IMF

Zimbabwe to pay off decades-old arrears with the IMF within the next year

Zimbabwe expects to pay off decades-old arrears with the International Monetary Fund (IMF) within the next year, despite an IMF forecast that it sees the country's economy weakening further in the 2015.

The country's finance minister, Patrick Chinamasa, says the country has started making token payments to clear the US$130 million in arrears.

Chinamasa, who visited the IMF, states that the government should acknowledge its debt to white farmers for properties seized during land retributions to landless blacks.

To read the article titled, “Zimbabwe to pay-off arrears owed to IMF,” click here.
 

Source: 
SABC News

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