{"id":5334,"date":"2014-09-26T13:17:08","date_gmt":"2014-09-26T06:17:08","guid":{"rendered":"http:\/\/southafricatoday.net\/africa-news\/?p=5334"},"modified":"2014-09-26T13:17:25","modified_gmt":"2014-09-26T06:17:25","slug":"imf-says-no-new-cash-until-zimbabwe-pays-debts","status":"publish","type":"post","link":"https:\/\/southafricatoday.net\/africa-news\/southern-africa\/zimbabwe\/imf-says-no-new-cash-until-zimbabwe-pays-debts\/","title":{"rendered":"IMF says no new cash until Zimbabwe pays debts"},"content":{"rendered":"

The International Monetary Fund has scotched suggestions that cash-strapped Zimbabwe could get fresh financial aid, saying it must first service old debts.<\/p>\n

Domenico Fanizza, a senior official from the IMF’s Africa department, said the Washington-based lender “by its law” could not give more support until Robert Mugabe’s government makes up missed repayments.<\/p>\n

“That’s the real problem, we need to solve that problem,” he said in Harare on Tuesday.<\/p>\n

The country is saddled with debts of over $10 billion (7.8 billion euros), according to an AFP tally of finance ministry figures, and has stuttered in making repayments.<\/p>\n

According to Fanizza, the country is currently $142 million in arrears. “This is not much money… but it’s a problem,” he told journalists and business leaders.<\/p>\n

Facing yet another economic crisis, Finance Minister Patrick Chinamasa has sought to have Zimbabwe’s debt cancelled.<\/p>\n

“What we want to see basically is the cancellation,” Chinamasa told the meeting on Tuesday.<\/p>\n

“Total relief, if we can’t get that as the first prize then we should look at rescheduling…<\/p>\n

Read More<\/a><\/p>\n

South Africa Today Africa \u2013 Southern Africa Zimbabwe<\/a> News<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The International Monetary Fund has scotched suggestions that cash-strapped Zimbabwe could get fresh financial aid, saying it must first service old debts. Domenico Fanizza, a senior official from the IMF’s Africa department, said the Washington-based lender “by its law” could not give more support until Robert Mugabe’s government makes up missed repayments. “That’s the real […]<\/p>\n","protected":false},"author":1,"featured_media":188473,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[248],"tags":[258,256,4179,4181,4178,500,1283,4180,1699,427,257,3917,426,254,4693,4686,421],"class_list":["post-5334","post","type-post","status-publish","format-standard","has-post-thumbnail","category-zimbabwe","tag-africa","tag-africa-news","tag-cash-strapped-zimbabwe","tag-debts","tag-domenico-fanizza","tag-harare","tag-imf","tag-in-arrears","tag-international-monetary-fund","tag-mugabe","tag-news","tag-patrick-chinamasa","tag-robert-mugabe","tag-south-africa-today","tag-southern-africa","tag-zimbabwe","tag-zimbabwe-news"],"_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/5334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=5334"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/5334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/188473"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=5334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=5334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=5334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}