If you have a global economy that has been growing rather strongly for a number of years, you would hope that fund exposure declines. |
It took a 70% weighted vote of the executive board to suspend the voting rights. It similarly takes a 70% weighted vote of the executive board to restore the voting rights. |
So far we have 37 consents. We're quite hopeful we'll get remaining the six in the next few weeks. |
The mission timing will depend on the authorities indicating they're ready to go ahead with the third review mission ... which is related to social security. |
There have been questions regarding the sources of funds for the payments that Zimbabwe has been making. |
There is absolutely no evidence of any diversion or misuse of IMF funds. We take the allegations extremely seriously, but we have found no evidence in that regard. |
There was no such 70% majority. That is the fact of what happened, and I am sure we will continue to be in contact with the authorities in Zimbabwe as they deal with a very difficult situation, and we think, you know, it needs careful attention and some serious policy (decisions). |
We are on track to deliver 100 per cent debt relief within the coming weeks to 19 of the 20 countries. |
We do not believe that is in fact the case at all. The reality is that inflation in Zimbabwe has been driven mainly by quasi-fiscal activities of the Reserve Bank of Zimbabwe. |
We'd probably have to wake up 15 to 20 minutes earlier. |