July 30 2010

money

Zimbabwe rivals in clash over cash from IMF

The two main factions in Zimbabwe's unity government are in dispute over how to spend half a billion dollars from the International Monetary Fund, in a row that could create further tensions in the already shaky coalition.

The country's finance minister, Tendai Biti, of the Movement for Democratic Change, has earmarked about 50 million dollars of the funds for agriculture, a sector that represents about 16 per cent of the economy and a majority of the country's workforce.

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