{"id":45493,"date":"2021-08-24T19:54:27","date_gmt":"2021-08-24T17:54:27","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=45493"},"modified":"2021-08-24T19:18:40","modified_gmt":"2021-08-24T17:18:40","slug":"zimbabwe-receives-us1b-from-imf","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-receives-us1b-from-imf","title":{"rendered":"Zimbabwe Receives US$1b From IMF"},"content":{"rendered":"

Africa-Press<\/a> – Zimbabwe<\/a>. <\/strong><\/span>By Alois Vinga<\/b> – ZIMBABWE this week received nearly US$1 billion from the International Monetary Fund (IMF) strengthening the country\u2019s foreign currency position.<\/p>\n

In a joint statement, Finance Minister Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said the funds came through from IMF\u2019s Special Drawing Rights (SDR) facility aimed at increasing liquidity across the global economies.<\/p>\n

\u201cThe immediate impact of this support from the IMF is to increase the foreign exchange reserves of the country by US$961 million. This will go a long way in buttressing the stability of our domestic currency,\u201d the joint statement reads.<\/p>\n

The funds were transferred to the RBZ Monday.<\/p>\n

The authorities committed to use the funds prudently by supporting the country\u2019s welfare institutions like health, education, and other productive sectors of the economy.<\/p>\n

\u201cThe funds will be used prudently, with utmost accountability to support social sectors namely health, education, and the vulnerable groups, productive sectors that include industry, agriculture and mining, infrastructure investment covering roads and housing, and foreign currency reserves and contingency fund to support our domestic currency and macro-economic stability.<\/p>\n

\u201cWe would like to express our gratitude to the IMF for the disbursement which shall be used transparently in line with the IMF note,\u201d the statement added.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. By Alois Vinga – ZIMBABWE this week received nearly US$1 billion from the International Monetary Fund (IMF) strengthening the country\u2019s foreign currency position. In a joint statement, Finance Minister Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said the funds came through from IMF\u2019s Special Drawing Rights (SDR) facility […]<\/p>\n","protected":false},"author":84,"featured_media":45492,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,19],"class_list":["post-45493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"\nZimbabwe Receives US$1b From IMF - zimbabwe<\/title>\n<meta name=\"description\" content=\"By Alois Vinga - ZIMBABWE this week received nearly US$1 billion from the International Monetary Fund (IMF) stren ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-receives-us1b-from-imf\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zimbabwe Receives US$1b From IMF\" \/>\n<meta property=\"og:description\" content=\"By Alois Vinga - 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