IMF Concerned By The Govt's Reforms Implementation Pace - Report

3 years ago
Wed, 30 Oct 2019 15:14:43 GMT
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IMF Concerned By The Govt's Reforms Implementation Pace - Report

The IMF has reportedly expressed concern over the pace the govt of Zimbabwe is implementing reforms in a bid to have the country’s debt restructured.

This was revealed by IMF representative in Zimbabwe, Patrick Imam, at a Public Debt Conference held by the African Forum and Network on Debt and Development (AFRODAD) in Harare when he said;

The perception they (IMF member countries) have is that Zimbabwe has started the economic reform path but has not sufficiently moved on political reforms. What this means is aligning laws to the Constitution.

As long as the political reforms don’t move at the same time with economic reforms we will not have the debt rescheduling. Therefore we will unfortunately have to be on our own until we move on both sides

The IMF this last month published the inflation rate for Zimbabwe and said it stands at close to 300%.

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