by Ssmith Mon Feb 20, 2017 8:31 am
~~Chat with firefly 2/19/17~~ | |
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**NOT TO BE SHARED OUTDIDE OF WSOMN**
I apologize if I missed anything... Beginning 8:30p
| Firefly wrote 15m ago | Let's just say ... I'm twiddling my thumbs and waiting with a smile on my face | |
| Firefly wrote 13m ago | Nobody knows the date or rate .... but.... what is important is that it is being completed in front of our eyes | |
| Queenseawrote 13m ago | Firefly what doi you think about 500million Zim notes | |
| Firefly wrote 12m ago | Wow, that's a loaded question lol | |
| Firefly wrote 12m ago | the 2008 notes were discontinued in 2009 | |
| Firefly wrote 11m ago | then put back into circulation again | |
| Firefly wrote 11m ago | so this is the second time they have been discontinued ............ | |
| Firefly wrote 10m ago | Many items going on behind the scenes that most areen't aware of | |
| Firefly wrote 10m ago | here is something from the IMF | |
| Queenseawrote 10m ago
| Firefly I think you like 2008 hahaha |
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Firefly wrote 8m ago | IMF Executive Board Removes Remedial Measures Applied to Zimbabwe November 14, 2016 Removal of remedial measures follows Zimbabwe’s full settlement of all of its overdue financial obligations to the PRGT Consideration of any future request for IMF financing would also depend on other applicable policies
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Firefly wrote 7m ago | The Executive Board of the International Monetary Fund (IMF) approved today, on a lapse of time basis, [1] the removal of the remedial measures applied to Zimbabwe that had been in place because of the member’s overdue financial obligations to the Poverty Reduction and Growth Trust (PRGT), effective November 14, 2016
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Firefly wrote 8m ago | These measures are: (i) declaration of noncooperation with the IMF ( see Press Release No. 02/28); (ii) the suspension of technical assistance (which had already been partially lifted, see Press release No. 09/152 and Press Release No. 12/405); and (iii) the removal of Zimbabwe from the list of PRGT-eligible countries (see Press Release No. 01/40).
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Firefly wrote 7m ago | This follows Zimbabwe’s full settlement of all of its overdue financial obligations to the PRGT of SDR 78.3 million (about US$107.9 million) on October 20, 2016 (see Statement by IMF on Zimbabwe). Zimbabwe had been in continuous arrears to the PRGT since February 2001 and was the only case of protracted arrears to the PRGT. Zimbabwe is now current on all of its financial obligations to the IMF. |
| Firefly wrote 8m ago | Zimbabwe is now current on all of its financial obligations to the IMF. | |
| Sandnseawrote 7m ago | My contact said 100 and 50 T only, that did not make me happy, how true? | |
| Adonismalewrote 7m ago
| So thumbs-up On exchange? | |
Firefly wrote 7m ago | Notwithstanding the settlement of overdue financial obligations to the PRGT and the removal of remedial measures, consideration of any future request for IMF financing would also require Zimbabwe to comply with other applicable IMF policies, including to:
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Firefly wrote 7m ago
| (i) resolve its arrears to multilateral creditors (including the African Development Bank (AfDB), the World Bank, and other multilateral institutions), bilateral official creditors, and external private creditors (if any); and (ii) implement strong fiscal adjustment and structural reforms to restore fiscal and debt sustainability and foster private sector development. |
Firefly wrote 7m ago | (ii) implement strong fiscal adjustment and structural reforms to restore fiscal and debt sustainability and foster private sector development.
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| Tapco57wrote 8m ago | Firefly-do you think the 500 million notes will be exchangeable?
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| Firefly wrote 7m ago | 2008 series? | |
| Greenragewrote 7m ago | Firefly-So they are up to date on all their obligations? | |
| Firefly wrote 7m ago | Green ...... BINGO ! |
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| 006 wrote 7m ago | Most of us have 2008 or 2009 are we good | |
| Firefly wrote 7m ago | How the he** can they be up to date with wallpaper for currency? lol | |
| Firefly wrote 8m ago | Now they are told to go ahead with fiscal reforms ?????????? | |
| ADMINBILLwrote 3m ago | HELLO EVERYONE AND GREETINGS FIREFLY - I AM GOING TO PUT MY LEGS UP FOR A BIT AND THEN COME BACK IN THE ROOM. BUSY DAY AT WORK. GREAT EXCHANGE OF IDEAS AND INFO GOING ON |
| ADMINBILLwrote 4m ago | FIREFLY WAS ALWAYS CONSISTENT ON OPEN MIKE AND STILL IS. GREAT TO HAVE HIM HERE ALONG WITH OTHERS THE POP IN NOW AND THEN | |
Firefly
WSOMN Super Member
Status: Online Posts: 1 Date: 12m ago
IMF and Zimbabwe | Permalink |
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IMF Executive Board Removes Remedial Measures Applied to Zimbabwe
November 14, 2016
- Removal of remedial measures follows Zimbabwe’s full settlement of all of its overdue financial obligations to the PRGT
- Consideration of any future request for IMF financing would also depend on other applicable policies
The Executive Board of the International Monetary Fund (IMF) approved today, on a lapse of time basis, [1] the removal of the remedial measures applied to Zimbabwe that had been in place because of the member’s overdue financial obligations to the Poverty Reduction and Growth Trust (PRGT), effective November 14, 2016. These measures are: (i) declaration of noncooperation with the IMF ( see Press Release No. 02/28); (ii) the suspension of technical assistance (which had already been partially lifted, see Press release No. 09/152 and Press Release No. 12/405); and (iii) the removal of Zimbabwe from the list of PRGT-eligible countries (see Press Release No. 01/40).
This follows Zimbabwe’s full settlement of all of its overdue financial obligations to the PRGT of SDR 78.3 million (about US$107.9 million) on October 20, 2016 (see Statement by IMF on Zimbabwe). Zimbabwe had been in continuous arrears to the PRGT since February 2001 and was the only case of protracted arrears to the PRGT. Zimbabwe is now current on all of its financial obligations to the IMF. Notwithstanding the settlement of overdue financial obligations to the PRGT and the removal of remedial measures, consideration of any future request for IMF financing would also require Zimbabwe to comply with other applicable IMF policies, including to: (i) resolve its arrears to multilateral creditors (including the African Development Bank (AfDB), the World Bank, and other multilateral institutions), bilateral official creditors, and external private creditors (if any); and (ii) implement strong fiscal adjustment and structural reforms to restore fiscal and debt sustainability and foster private sector development.
SOURCE: http://www.imf.org/en/News/Articles/2016/11/14/PR16505-Zimbabwe-IMF-Executive-Board-Removes-Remedial-Measures |
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