US News Zimbabwe: In search of budget support, Harare wipes a refusal of the IMF
Kamala Harris Head of the World Peace Forum
© Sarahbeth Money Emmanuel Macron welcomes the American Vice President Kamela Harris to the Elysee on November 10, 2021 French President Emmanuel Macron and the Vice-President From the United States Kamala Harris will kill Thursday of the Paris on Peace Forum, dedicated this year to the reduction of global fractures, with a big digital component.
Hard blow for Zimbabwe, at the end of a monthly mission, the International Monetary Fund refuses to provide budget support in Harare. In issue, a debt deemed unsustainable and arrears that have not been paid.
Zimbabwe dragging a debt of more than eleven billion dollars is nevertheless engaged in monetary and budget reforms greeted by the IMF. The financial institution recognizes it, Zimbabwe makes efforts. Monetary policy, fiscal policy, medium-term strategy ... Harare goes in the right direction. And after one year 2020, which saw the national wealth decrease by 11%, the country will reconnect this year with a growth of 6%, inflation is gradually reducing.
Negotiations on the EU budget 2022 ended for the time being
in the dispute over the billions-heavy EU budget for the coming year, mediation calls have never led to any result. © Arne Immanuel Bänsch / DPA Flags of the European Union labor in the wind before the Berlaymont building of the European Commission in Brussels. (Archive image) Representatives of the governments of the Member States and the European Parliament dealt in late Friday night after hours of negotiations without agreement.
Zimbabwe is not Sudan ...
However, this is not enough for the IMF experts who highlight the unbearable debt of $ 11 billion, including $ 6.5 billion worthy payment arrears. Dollars. More serious, the IMF reproaches Harare from having neither clear vision of the restructuring of its debt or insurance from its creditors. And that's where we realize that Zimbabwe is not Sudan. Despite its debt of fifty billion dollars, the highest in Africa,and especially the United States and England, money that allowed it to get the FMI favors . Zimbabwe does not have this chance.
President Emmerson Mnangagwa and a hundred personalities and Zimbabwean institutions. The Zimbabwean economist, John Robertson, sees some of the explanation of the shyness of the IMF. He, however, deplores the risk of seeing Zimbabwe turn more towards China, and therefore towards its opaque and often very expensive credits.
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