Wednesday, October 05, 2005

Zim makes IMF payment

Zimbabwe makes fresh IMF payment

Harare said a recent payment was funded by cotton and tobacco sales
Zimbabwe has paid another $15m (£9m) to help reduce its debt arrears with the International Monetary Fund, according to its state-run Herald newspaper.

The move comes a month after President Robert Mugabe's government gave the IMF $120m to avoid the risk of being thrown out from the organisation.

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