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THE SMART NEWS SOURCE | Feb 11 2012 00:52 | LAST UPDATED Feb 11 2012 00:52 |
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The head of an International Monetary Fund (IMF) team arrived in Zimbabwe on Monday to assess the coalition government's economic policies and the country's still enormous humanitarian needs, officials said. "The IMF staff mission will look into the country's economic performance since the setting up of the inclusive government in February," an official close to the delegation said. "The delegation will, among other things, hold meetings with government officials and representatives of industry." The IMF mission is the third since the start of the year, and follows the fund's decision last month to resume technical aid to Zimbabwe, which for years had been barred any assistance. The rest of the IMF team will arrive within a week, and the mission is set to wrap up its work on June 29, officials said. According to the IMF, the team will assess foreign-exchange inflows and the state of international reserves, and will meet with the World Food Programme about the country's food needs. The mission will also discuss the United Nations's $718-million humanitarian appeal that includes food aid for six million Zimbabweans -- about half the population. In February, long-time rivals President Robert Mugabe and Prime Minister Morgan Tsvangirai formed an inclusive government following a deal brokered by former South African president Thabo Mbeki. The new government is seeking about $8,5-billion to revive the shattered economy and the civil service, including schools and hospitals, but major Western nations have withheld aid, demanding to see more significant political reforms.  CONTINUES BELOW Tsvangirai met on Friday with United States President Barack Obama at the White House, but left with little new aid. To date, the new government has raised more than $1-billion, mostly coming from African organisations, but that includes little direct financial support of the government. The Southern African country currently owes the IMF $133-million. According to the IMF, Zimbabwe's economy has been shrinking for years, contracting by 6,1% in 2007. This year, the Finance Ministry predicts the economy will grow by at least 4%. -- Sapa-AFP TOPICS IN THIS ARTICLE
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