Harare, (New Ziana) – The International Monetary Fund (IMF) on Tuesday approved immediate debt relief for 25 poor countries,mostly in Africa to allow them to direct funding towards the fight against Covid-19. IMF managing director, Kristalina Georgieva, said the relief had been provided under the IMF’s Catastrophe Containment and Relief Trust (CCRT). “This provides grants […]
Harare, (New Ziana) – The International Monetary Fund (IMF) said on Wednesday Zimbabwe’s economy will contract 7.1 percent this year but rebound next year with a 2.7 percent growth in gross domestic product. The latest forecast by the Bretton Woods’ institution in its world economic outlook report, rates the economy’s performance slightly dimmer than government […]