1. QUOTE from:
    IMF Funds Tug-of-War Enters Legal Arena
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    He said the International Financial Organisation Act of 1980 gave the minister "sole authority" over the funds. "This Act prescribes that the Minister of Finance is a governor of Zimbabwe's fiscal agent to both the World Bank family and the IMF" Biti argued. "It is very clear Section 7 subsection 2 that the Minister of Finance is the authority on the issue of SDRs. Full Article at AllAfrica.com
    This Act prescribes that the Minister of Finance is a governor of Zimbabwe's fiscal agent to both the World Bank family and the IMF
    – Tendai Biti SOURCE: AllAfrica.com 3 weeks ago
All quotes from:
IMF Funds Tug-of-War Enters Legal Arena
  1. The bank shall, to the best of its ability, maintain the international reserve at a level which, in the bank's opinion, will be adequate for the execution of the monetary exchange rate policies of Zimbabwe and for the prompt settlement of the country's international obligations.
    SOURCE: AllAfrica.com 3 weeks ago
  2. I have no doubt in my mind that this current low rate of interest that is levied on the SDRs is going to go up
    – Tendai Biti SOURCE: AllAfrica.com 3 weeks ago
  3. The bank shall establish and maintain an international reserve which shall consist of all or any of the following assets (i) the entitlement to make reserve tranche purchases from the International Monetary Fund and (ii) the holdings of Zimbabwe of Special Drawing Rights of the International Monetary Fu...
    SOURCE: AllAfrica.com 3 weeks ago
  4. This money was given to every country and no one can wake up one morning and say I looked for this money, I need to be congratulated.
    – Tendai Biti SOURCE: AllAfrica.com 3 weeks ago

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