The Spring meetings of the International Monetary Fund and the World Bank in Washington has agreed on a three-pronged strategy for Zimbabwe in the event of a regime change with a new political leadership after President Robert Mugabe.
In the first phase, the Fund would be responsible for restoring stability to Zimbabwes currency, which has fallen precipitously as the southern African countrys economic crisis has caused hyper-inflation – the worlds highest.
The IMF has put aside 1 billion US dollar for a currency stabilization fund.
Kilde: www.worldbank.org
