ZIM APPEAL TO IMF

ZIMBABWE on Tuesday appealed to the International Monetary Fund to speedily approve the release of the standby balance of payments support for Zimbabwe, saying Harare urgently needs donor support to revitalize its economy. The Zimbabwean National Economic Consultative Forum said it is also crucial that other multilateral and bilateral donors open their doors for Zimbabwe so that the troubled economy can be turned back to a sustainable growth path. The forum has welcomed the government’s signing of the letter of intent to the IMF. It said the IMF’s action plan could provide the framework to implement the Zimbabwe Program for Economic and Social Transformation and turn the economy back to a sustainable growth path. Zimbabwe may receive more than US$800-million from other donor agencies once the IMF resumes support.