The United Kingdom says it will support Zimbabwe to clear
its arrears with the International Monetary Fund (IMF) and the World Bank.
Outgoing British Ambassador Catriona Laing advised on this
development after paying a courtesy call on Zimbabwe’s Finance and Economic
Development Minister, Professor Mthuli Ncube.
The commitment by Britain to assist Zimbabwe clear its
US$1.8 billion arrears to the Bretton Woods institutions carves a new chapter
for Zimbabwe’s economic resurgence programmes.
During a meeting with Professor Ncube today, Ambassador
Laing indicated that her country stands ready to support Zimbabwe to get on an
interim IMF staff programme soon that will facilitate the clearance of debt
arrears.
Professor Ncube hinted to various options that the country
may exploit to get back on the IMF programme while also stating that a
stabilisation programme will be unveiled next month to retain normalcy within
the economy.
Zimbabwe and Britain relations have thawed over the last 12
months translating to critical facilities such as the US$100 million facility
by Standard Chartered Bank and the latest US$250 million facility by a private
firm that continues to quench the lending drought experienced for close to two
decades. zbc
0 comments:
Post a Comment