Zimbabwe clears debt with IMF but hurdles to financing remain

Central Banking Newsdesk
11 Jul 2018

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Zimbabwe has finally settled its debt with the International Monetary Fund, according to a report published on July 9.

“Zimbabwe repaid its overdue obligations to the PRGT [Poverty Reduction Growth Trust] using its SDR [special drawing rights] holdings on October 20, 2016,” the fund announced in its latest review of outstanding obligations.

The fund last reviewed the list of countries in arrears in 2012.

The repayment removes financial barriers that had prevented Zimbabwe from accessing IMF

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