News:IMF to assess bond notes impact
<vote /> The International Monetary Fund (IMF) has said that it is assessing the impact of the bond notes which the Reserve Bank of Zimbabwe seeks to introduce.
IMF spokesperson William Murray said that on Friday, the IMF will engage Zimbabwe on its latest measure to introduce bond notes. Mr Murray said that,
"We are currently assessing the implications of the measures on the economy, including the more recently announced issuance of bond notes; and we’ll engage in further discussions with the authorities with regard to their strategies. So, we’re going to have more discussions with the Zimbabweans on this strategy."
Mr Murray also added that the cash shortage in Zimbabwe is the result of weak external inflows and a decline in commodity prices. He also said that the food import bill had made the situation worse.
Zimbabwe expects its first loan since 1999 from the IMF later this year, after meeting targets under a 15-month IMF staff monitored programme.
Same story on The Zimbabwe Independent
Same story on The Financial Gazette
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