Zimbabwe is now current on all its financial obligations to the International Monetary Fund (IMF) after settling its overdue amount of US$107.9 million to the Poverty Reduction and Growth Trust (PRGT), IMF Director of Communications Gerry Rice said Friday in Washington, D.C.
In a statement on Zimbabwe, Mr. Rice confirmed that the southern Africa country settled its financial obligations on 20 October 2016 having been in continuous arrears since 2001.
He said Zimbabwe transferred part of its Special Drawing Rights (SDR) holdings kept at the IMF to the PRGT account to meet the obligations.
Source PANA
