Jump to navigation

Vol 39 No 7

Published 3rd April 1998


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).

End of preview - This article contains approximately 232 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.