More IMF joy for Zimbabwe

Zimbabwe’s coffers have been boosted after the country got access to $91,2 million, which had been held for seven years pending the settlement of overdue obligations to the International Monetary Fund (IMF).

Last week, Zimbabwe cleared its overdue obligations to IMF, when it paid $107,9m after drawing down its special drawing rights (SDR) holdings kept at the fund.

SDRs act as reserves for member countries.

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