A visiting International Monetary Fund (IMF) team is assisting Zimbabwe to prepare its 2011 national budget.
The six-member IMF mission, which has been in Zimbabwe for the past two weeks, has been helping Harare’s coalition government to formulate next year’s budget given that the regime is cash-strapped.
Caroline Atkinson, head of the IMF’s External Relations Department, said Saturday that the mission was on a staff visit to look at the budget.
“It’s not a full-fledged Article IV, and I expect that they will finish their work fairly soon,” she said.
The IMF team last visited Zimbabwe in July for Article IV Consultations which included discussion of efforts to rebuild the southern African economy as well as Harare’s overdue financial obligations to the Poverty Reduction and Growth Trust.
Zimbabwe owed the IMF about $135 million in outstanding loan repayments as of the end of last month.
Source African Press Agency
African News from NetNewsPublisher.com
Related articles
- Corruption in Zimbabwe Impedes Right to an Identity (netnewspublisher.com)
- Zimbabwe’s Marange Diamonds to Top Kimberley Process Summit Agenda (netnewspublisher.com)
- Zimbabwe Electoral Management Body Says Ready for 2011 Polls (netnewspublisher.com)
