Zimbabwe: Zim pays IMF $15 mln before review mission
24.01.2006
Zimbabwe has paid an extra $15 million towards its debt arrears to the IMF as the fund sends in a review team before a March deadline for the country to clear its debt.The International Monetary Fund executive board in September gave Zimbabwe a six-month reprieve to settle its arrears or risk being expelled. Zimbabwe's payments to the IMF have left observers wondering where it had secured the money, but central bank governor Gideon Gono has insisted the funds came from export earnings, inflows from expatriate Zimbabweans and locals working for foreign-owned organisations who are paid in foreign currency.