Zimbabwe, banished from capital markets since 1999 for defaulting on its debt, hopes to deepen ties with the International Monetary Fund later this year as it seeks to clear billions of dollars in arrears.
“It is our hope that in the second half of the year we’ll be able to sign on to a staff monitored program with the IMF,” Finance Minister Mthuli Ncube said in a Bloomberg Television interview on Wednesday in Washington. That “will then buttress some of the reforms on the economic front.” He was in Washington to attend the Spring meetings of the IMF and World Bank.
