IMF Gives Gono US$510 Million

Harare, Zimbabwe, 04 September 2009 The IMF, apparently buckling to pressure from Mugabe and the continued insistence of ZANU PF that they must give him money to revive the economy or he will not stay the course on reforms in Zimbabwe, has deposited US$400 million into the coffers of the Reserve Bank of Zimbabwe. Another US$110 million will be deposited into the Reserve Bank next wee, bringing the total to half a billion US Dollars. Gideon Gono was ecstatic this morning, telling the media: "Yes, I can confirm that the Reserve Bank did indeed receive the funds as responsible advisors, we are consulting widely before anu utilisation." "We have been in constant delicate discussions with the IMF technical teams over the past few months abd I am pleased to now say we have gotten somewhere." It is significant that the the announcement today is made by Gideon Gono, who is taking credit for the windfall in the state media, relegating Tendai Biti to the role of a sidekick. G...