Hidden Bibliographic Details
| Varying Form of Title: | Title on document page on IMF website: Zimbabwe : Zimbabwe: settlement of overdue financial obligations to the Poverty Reduction and Growth Trust, lifting of declaration of noncooperation, lifting of restriction on Fund technical assistance, and restoration of poverty reduction and growth trust eligibility; press release; and staff report
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| Other authors / contributors: | International Monetary Fund, issuing body.
International Monetary Fund. publisher.
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| ISBN: | 9781475561258
1475561253
9781475561630
1475561636
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| Notes: | "December 2016."
Includes bibliographical references.
Description based on online resource; title from pdf title page (IMF website, viewed February 15, 2017).
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| Summary: | On October 20, 2016, Zimbabwe fully settled its overdue financial obligations to the Poverty Reduction and Growth Trust (PRGT) using its SDR holdings.1 Zimbabwe had been in continuous arrears to the PRGT since February 2001. The authorities had been making regular monthly payments of US$0.15 million each since 2013, and four more such payments have been made since the last review of overdue financial obligations on May 2, 2016.2 As of the day of repayment, Zimbabwe's arrears to the PRGT amounted to SDR 78.3 million, which comprised overdue PRGT principal of SDR 61.7 million, and total interest obligations of SDR 16.6 million, (covering overdue interest and interest accrued through October 20, 2016 on overdue principal and interest amounts). The repayment of SDR 78.3 million has been applied towards the PRGT's Reserve Account.
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| Other form: | Print Version: Zimbabwe: Zimbabwe: Settlement of Overdue Financial Obligations to the Poverty Reduction and Growth Trust, Lifting of Declaration of Noncooperation, Lifting of Restriction on Fund Technical Assistance, and Restoration of Poverty Reduction and Growth Trust Eligibility-Press Release; and Staff Report. Washington, D.C. : International Monetary Fund,2016 9781475561258
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| Standard no.: | 10.5089/9781475561258.002
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