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Vol 39 No 7

Published 3rd April 1998


Zimbabwe

Freed-up funds

Zimbabwe and the International Monetary Fund want to kiss and make up. In 1995, the Fund cut Zimbabwe out of its books, for failing to keep the promises behind 1991's structural adjustment agreement. Yet on 26 March, a five- member IMF team left Harare amid heavy hints that a new US$170 million standby facility has been agreed, with the first tranche of $55 mn. to be released in April (subject to IMF Board approval).

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