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IMF not blocking aid

    JOHANNESBURG

    The independent 'Financial Gazette' on Thursday quoted International Monetary Fund (IMF) Africa Desk Assistant Director Michael Nowak as saying there was a need to iron out a few "technical details" before the fund's board considered a new US $212 million aid programme for Zimbabwe. "The board is not going to meet on 9 July to discuss Zimbabwe.

    That meeting will take place at some other date that shall be announced once we are sure everything is in place," the paper quoted Nowak as saying. "We still have some small technical details we need to finalise first before the board can meet. We hope that by early next week we will have come up with a firm
    date." The IMF has withheld a US $53 million tranche of a US$175 million standby loan since last August.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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