Browsing: Gerry Rice

Zimbabwe got US$961 in SDRs from the IMF. This had an immediate impact on the country's severely low gross international reserves.

The lender stated during the conference that the country’s economic objectives were still under threat from unsustainable debt.
The government announced last week that external debt grew to US$13.7 billion in September, up from roughly US$10.7 billion the previous year.
Zimbabwe’s debt accounts for more than half of the country’s GDP.…