With global nations in the midst of a ravaging Covid-19, which has decimated economies, the Bretton Woods institution not only singled out Zimbabwe for its resilience to the virus, but for absorbing other exogenous shocks such as the 2019 Cyclone Idai.
This also comes as Harare qualified, three months ago, for US$800 million Special Drawing Rights (SDR) under the IMF’s new US$650 billion rescue package for nations in light of Covid-19.
The SDR is the IMF’s international reserve asset created in 1969 to supplement its member countries’ official reserves. Read More.
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