Press Release No. 16/463

Statement by the IMF on Zimbabwe

October 20, 2016

Mr. Gerry Rice, Director of Communications at the International Monetary Fund (IMF) made the following statement on Zimbabwe:

“On October 20, 2016, Zimbabwe settled its overdue financial obligations to the Poverty Reduction and Growth Trust (PRGT) of the IMF. Zimbabwe had been in continuous arrears since 2001. To settle these obligations, which amounted to SDR 78.3 million (about US$107.9 million), Zimbabwe transferred part of its SDR holdings kept at the IMF to the PRGT account. Zimbabwe is now current on all its financial obligations to the IMF.”