Harare - Zimbabwe has finally paid off its 16-year debt
to the International Monetary Fund (IMF) as part of its arrears clearance
strategy with multilateral institutions.
According to a statement released by IMF director of communications Gerry Rice on Friday, Zimbabwe settled its financial
obligations on Thursday.
“On October 20, 2016, Zimbabwe settled its overdue financial
obligations to the Poverty Reduction and Growth Trust of the IMF.
Zimbabwe had been in continuous arrears since 2001." The amount paid was about $107.9m.