IMF aids Zimbabwe
2009-09-04 22:22
Special Report
Zimbabwe's Zanu-PF party is mulling over a special congress at which top vacant positions will be filled and the succession of President Robert Mugabe would be decided, according to a report.
Harare - The International Monetary Fund has released $500m to Zimbabwe as the world slowly starts to accept the southern African country's new coalition government.
Reserve Bank governor Gideon Gono has made the announcement.
The IMF, which had suspended Zimbabwe in 2001, resumed limited help in May, citing "significant improvement in co-operation on economic policies."
Zimbabwe owes billions of dollars to the IMF and other creditors.
The unity government, formed by longtime President Robert Mugabe with Morgan Tsvangirai's Movement for Democratic Change, is trying to turn around an economic crisis that began with a land distribution campaign in 2000.
The often-violent campaign disrupted the agriculture-based economy of what was once the region's breadbasket.
- AP
