Zimbabwe : Second Review Under the Staff-Monitor Program-Press Release; and Staff Report.

This paper discusses Zimbabwe's Second Review of the Staff-Monitored Program. The program is on track. Four of the five quantitative targets for end-June 2015, and all the structural benchmarks for the second review were met. Although a recently contracted USD 200 million nonconcessional loan b...

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Detaylı Bibliyografya
Müşterek Yazar: International Monetary Fund. African Dept
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2015.
Seri Bilgileri:IMF Staff Country Reports; Country Report ; No. 2015/279
Online Erişim:Full text available on IMF
Diğer Bilgiler
Özet:This paper discusses Zimbabwe's Second Review of the Staff-Monitored Program. The program is on track. Four of the five quantitative targets for end-June 2015, and all the structural benchmarks for the second review were met. Although a recently contracted USD 200 million nonconcessional loan breached the quantitative target on nonconcessional borrowing, it avoided the accumulation of additional external arrears. The IMF staff welcomes the authorities' intentions to continue seeking financing through grants and loans that are as concessional as possible, and to limit contracting non-concessional loans to within the ceiling set under the program, and to prioritize investment that would eventually raise Zimbabwe's capacity to repay.
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Fiziksel Özellikler:1 online resource (39 pages)
Materyal Türü:Mode of access: Internet
ISSN:1934-7685
Erişim:Electronic access restricted to authorized BRAC University faculty, staff and students