IMF calls for Zimbabwe to scrap governing board

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The IMF on Tuesday called for the Reserve Bank of Zimbabwe to replace its current governing body, which includes the governor, Gideon Gono, with new reputable members if it wished to receive aid.

The IMF said at the conclusion of its Article IV consultation for the beleaguered African state: "The Reserve Bank's governance needs to be strengthened, including through appointment of a governing board composed of reputable members." The Reserve also needed to downsize its current operating budget an

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