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World | Zimbabwe
Politics

IMF welcomes Zim deal

afrol News, 15 September - The power sharing deal signed by Zimbabwean leadership today could open doors for the international community and financing agency to help pull out the country from its rock-bottom economic crisis.

International Monetary Fund chief, Dominique Strauss Kahn encouraged Zimbabwean leadership today to take steps and show clear commitment to a new policy direction that could attract international community to lend a helping hand.

"Today's power-sharing deal in Zimbabwe paves the way for a new government that can begin to address the economic crisis. We stand ready to discuss with the new authorities their policies to stabilize the economy, improve social conditions, and reduce poverty," said Mr Strauss Kahn.

Zimbabwe, which has been blacklisted by most international financing institutions and western powers, has been experiencing one of the worst economic slump, with a record inflation rate at over 11 million per cent.

With recent political crisis which saw Zimbabweans fleeing their home to neigbouring countries, veteran leader, Robert Mugabe has come under immense pressure to relinquish hold onto power, resulting in today power sharing agreement, which would still leave him as head of state, while opposition takes control and lead of executive structures of government.

Other international bodies have also expressed satisfaction after today's signing and showed commitment to help Zimbabwe on its recovery road.


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