Video: IMF pledges to get Zimbabwe Into More Debt With More Predatory Loans

The IMF has pledged financial support to Zimbabwe as part of efforts to restore it’s ailing economy. The country’s economy, described as one of the most fragile in the world, has been dominated by cash liquidity problems, dollar shortages, a crumbling infrastructure and crippled utility service supplies. IMF experts are expected in Harare this week and should meet the new cabinet. But new money can’t be provided until several preconditions are met, including resolving arrears of roughly 2 billion Dollars to the World Bank, Africa Development Bank and the European Investment Bank.



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