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Posts Tagged ‘IMF Zimbabwe sanctions’

IMF provides $510m loan for Zimbabwe

Posted by seumasach on September 5, 2009

The connection between this:

“The IMF wound down its programme there 10 years ago and formally withdrew in 2002, adopting a “declaration of noncooperation” with Mugabe’s government.”

and this:

“Zimbabwe has suffered a decade of economic meltdown and record hyperinflation”

has been studiously ignored almost everywhere for the best part of…..,well, a decade.

An honourable exception has been Stephen Gowan’s blog.

IMF provides $510m loan for Zimbabwe amid worries that Mugabe party will grab funds

Guardian

4th September, 2009

Zimbabwe‘s crippled economy received a boost when the IMF sanctioned a $510m (£311m) loan, its first to the country in a decade.

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