Gono misses IMF/World Bank AGM

Paul Nyakazeya


THE combative central bank governor Gideon Gono has missed this year’s annual general meeting of the International Monetary Fund (IMF) and the World Bank in Singapore, an event that he attended last year.

It was widely expected that Go

no would use the event to charm IMF executives and persuade them to restore Zimbabwe’s voting rights and put the country on a path to restoration of relations with the international community.

But it has now emerged that Gono will not be attending the Bretton Woods annual meeting in Singapore scheduled for today.

Businessdigest understands that Gono, who was scheduled to attend the meeting together with Finance minister Herbert Murerwa, had withdrawn under unclear circumstances.

Murerwa left for the meeting on Wednesday.

Reports swirling in the market yesterday indicated that Gono was frustrated by what he earlier this year alleged to be the politicisation of the IMF when its board refused to restore the country’s voting rights despite payment of outstanding arrears under the IMF General Resources Account.

Gono, a key figure in the country’s economic revival project and now a point man for the IMF on key economic policy issues, had received unfavourable remarks from the Bretton Woods institution over currency reforms Murerwa said had been undertaken without his knowledge.

Murerwa is part of a delegation of finance ministers guiding the IMF executives on important policy issues.

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