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IMF & World Bank Missions Due In Zimbabwe To Meet With New Government

Delegations from the International Monetary Fund and World Bank were due in Zimbabwe on Monday to begin a fact-finding mission, government and multilateral sources said.

The IMF last sent such a mission in 2006, three years after it suspended Zimbabwe’s voting rights for failure to settle arrears on debt payments.

The IMF and World Bank delegates are to meet with Finance Minister Tendai Biti and other key officials of the national unity government recently installed in Harare.

Biti told reporter Blessing Zulu of VOA's Studio 7 for Zimbabwe an exclusive interview that the continued failure by Zimbabwean authorities to respect the rule of law could make it hard to normalize relations with the multilateral institutions.

Economist Prosper Chitambara says the impending visits by IMF and World Bank staff are a step in the right direction, but cautioned Harare must show it is embracing reform.

More reports from VOA's Studio 7 for Zimbabwe..