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Strange case of Zim’s IMF’s repayment

EDITOR — On October 28, 2016, Zimbabwe utilised part of its Special Drawing Rights (SDRs) to settle the $108 million it owed to the International Monetary Fund (IMF)’s Poverty Reduction and Growth Trust Fund (PRGT), which funds were held and kept at the IMF. The timing of this payment and the payment itself is clearly…

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