2016 could see the International Monetary Fund (IMF) resuming financial aid to support Zimbabwe's economic reform if foreign creditors accept Harare's plans to clear arrears to international financial institutions.
IMF resident representative Christian Beddies told Chinese news agency, Xinhua, that “the Zimbabwe authorities are trying to garner support for their strategy to clear arrears to the IMF and other international financial institutions”.
"If the plan is accepted, Zimbabwe and the IMF could begin talks on a medium-term programme that could be supported by the IMF financially, but the final decision rests with the IMF executive board," Beddies said.
Zimbabwean representatives will meet with creditors this month in a bid to seek support for its strategy to clear US$1.8 billion arrears to the IMF, World Bank and the African Development Bank, reported Xinhua.
