(TALKZIMBABWE) SA and IMF mull Zimbabwe recovery plan
SA and IMF mull Zimbabwe recovery planFloyd Nkomo
Wed, 04 Mar 2009 02:44:00 +0000
THE International Monetary Fund has commenced talks with South Africa on how to resume relations with Zimbabwe.
As current Southern African Development Community chair, South Africa has spearheaded the repair of relations between Zimbabwe and the Bretton Woods twins, the IMF and World Bank.
IMF Managing Director Dominique Strauss-Kahn spoke via video link with South African Finance Minister Trevor Manuel Tuesday to discuss "how to resume relations" with Zimbabwe and help revive the economy after a decade of recession.
Straus-Kahn told reporters via video link at a press conference in South Africa that he will continue talks with Manuel next week at an IMF conference in Tanzania.
Antoinette Sayeh, head of the lender's Africa department, said the Fund will be sending a team to Zimbabwe to assess lending requirements and to find out ways in which relations could be re-established.
"We have a mission going out to Zimbabwe to take stock of the situation, to discuss with the new authorities their policy ambitions and reform agenda, to be able to assess whether the international community can then come in and support," she said.
The African Development Bank said in February that Zimbabwe owes it $460 million, which must be repaid before it can resume lending.
The IMF estimates Zimbabwe's arrears to the fund are $130 million.
Labels: IMF, SOUTH AFRICA, ZIMBABWE
posted by MrK @ 8:44 PM
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