Zim Not Stable Enough For IMF

In a briefing to parliament standing committee of finance, Cuevas said a number of steps have to take place before a deeper engagement can take place with Zimbabwe.
“Our teams visit Zimbabwe regularly and provide advice. We are also providing some technical assistance for the rebuilding of certain macro economic management institutions.
SAPA quoted Cuevas as saying time has not yet come for the staff to go deeper into relationship with the country.
Zimbabwe still had to clear its arrears with the poverty reduction and growth trust, which funds loans to the organisation’s lowest-income member countries.

“What happens is that eventually there is a political consensus at the level of the board which facilitates a country to clear those arrears, ” said Cuevas.
“It wouldn’t be expected for Zimbabwe to do it out of its own pocket. That will happen when the political conditions  have reached a level of stability that gives comfort to the board.”