Tuesday, January 24, 2006

International Development: Loan repayment may once again save Zimbabwe

Yesterday I posted an article referring to an International Monetary Fund (IMF) delegation visiting Zimbabwe. The article mentioned how last year, a surprise and mysterious loan repayment saved Zimbabwe from being expelled from the IMF.

Surprise, surprise - Zimbabwe has now made another $15 million loan repayment, a move that once again may see Zimbabwe from expulsion. The latest payment leaves Zimbabwe owing just $14.6 million.