Zimbabwe's Mugabe supports engagement with IMF: finmin says - CNBC Africa

Zimbabwe's Mugabe supports engagement with IMF: finmin says

Southern Africa

by Reuters 0

Finance Ministers says Zimbabwe's Mugabe supports engagement with IMF. PHOTO: Wikipedia

Zimbabwe's President Robert Mugabe is fully supportive of the country's re-engagement with foreign creditors, Finance Minister Patrick Chinamasa said on Wednesday during a visit by an International Monetary Fund delegation.

Mugabe has spoken out against the IMF and the World Bank since international lenders froze lending to the southern African nation following defaults in 1999 but Chinamasa said the veteran leader was supportive of current talks.

Zimbabwe's economy is reeling from one of its worst droughts on record and a fall in commodity prices with growth expected to reach 1.4 percent this year, from 1.1 percent in 2015, the IMF says.

 

Comments