Zimbabwe expulsion from IMF delayed

The International Monetary Fund has delayed Zimbabwe's possible expulsion for unpaid debt, giving the southern African country six months to turn around its economy, the state-run Herald newspaper said on Thursday 8 July.

Quoting Zimbabwe's central bank governor, Gideon Gono, the paper said the decision not to expel Zimbabwe was reached Wednesday in Washington by a majority of members on the IMF board of executive directors.

"The verdict from the fund comes as good news upon which greater efforts

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