Zimbabwe teeters on the edge of Fund exit

Zimbabwe's deteriorating economy means it faces the risk of expulsion from the IMF, as a team from the Fund arrived on August 22 ahead of the September meeting at which a decision will be made.

Zimbabwe has fallen behind by US$295 million in its repayments to the IMF, having been in arrears since 1999.

The team's arrival in Zimbabwe has been downplayed by the finance minister, Herbert Murerwa, but recent weeks have seen a flurry of efforts aimed at bolstering the government's financial position

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