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  • Zim Economy Shows Signs of Recovery – IMF

    According to the IMF, the improved economic policies in Zimbabwe have led to a "nascent" recovery in the economy

    Improved economic policies in Zimbabwe have led to a "nascent" recovery in the economy. This is according to the International Monetary Fund (IMF).

    The IMF, however, is of the view that the country must clear more than US$1.1 billion in arrears to creditors before it can qualify for IMF financial aid.

    IMF mission chief to Zimbabwe, Vitaliy Kramarenko, noted that Zimbabwe will need to pay its arrears to the IMF, World Bank and African Development Bank, in order to get help from the donors.

    Source: 
    <br /> Mail and Guardian
    Article link: 
    http://www.mg.co.za/article/2009-07-03-zim-economy-shows-signs-of-recovery-says-...