"Zimbabwe: IMF Shifts Goal posts"

Zimbabwe: IMF Shifts Goal posts
ZIMBABWE should not be upbeat about the current visit by the IMF team, amid revelations that the Bretton Woods institution is now saying its strained relations with Harare stems from the country’s fiscal and monetary policies and not the country’s failure to service its debt with the Fund in time.

All along, the IMF has been threatening to expel Zimbabwe citing the country’s failure to pay its dues in time. It has also emerged that barely 48 hours after meeting representatives from the Ministry of Finance and the Reserve Bank of Zimbabwe, the IMF team that jetted into the country on Tuesday had already started compiling the report that it is set to present to the Fund’s board.

The executive board of the IMF is scheduled to meet in March to discuss, among other issues, the Bretton Woods institution’s future relations with Zimbabwe.Impeccable sources that have been closely monitoring developments between Harare and the IMF told The Sunday Mail yesterday that the Minister of Finance, Dr Herbert Murerwa, and the Governor of the Reserve Bank of Zimbabwe, Dr Gideon Gono, should not be upbeat about the IMF visit.

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