Zimbabwe: International Monetary Fund
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps the Government is taking to support the decision of the Government of Zimbabwe to secure a service level agreement with the IMF.
Answered by Mr Hamish Falconer
A Staff-Monitored Programme with the International Monetary Fund (IMF) is an important step for Zimbabwe to take in order to make progress towards a Staff-Level Agreement and clearing its foreign debt arrears. The UK is an active participant in the Structured Dialogue on Arrears Clearance, a multilateral platform for Zimbabwe to discuss arrears with its creditors and other development partners. Foreign, Commonwealth and Development Office (FCDO) officials participated in a roundtable side event on Zimbabwe's arrears at both the IMF/World Bank Spring Meetings in April and the African Development Bank Annual Meetings in May. The FCDO is also regularly in contact with the IMF to discuss Zimbabwe's economic reforms, both at headquarters and in-country.
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