World

Zimbabwe to Use Some IMF Funds to Support Currency

Zimbabwe’s finance minister said the country plans to reserve (Bloomberg) around half of the $961 million disbursed in Special Drawing Rights from the International Monetary Fund (IMF) to prop up its currency.

Zimbabwe’s finance minister said the country plans to reserve (Bloomberg) around half of the $961 million disbursed in Special Drawing Rights from the International Monetary Fund (IMF) to prop up its currency. The government abandoned a one-to-one peg to the U.S. dollar in 2019, and the value of the Zimbabwe dollar has since plunged.

Chad: Former President Hissene Habre, the first leader convicted of war crimes by an African Union court, died (News24) while serving a life sentence. He was seventy-nine. Senegalese media reported that he died due to complications from COVID-19.

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