There wont be any International monetary fund or WorldBank money until there are full reforms, it has been said.

The United States government has to pass the nod before these institutions can relax credit, economist Berry Wood has said.

Seaking during a recent policy debate on Zimbabwe at the CATO Institute, an American think-tank, Wood said:

The United States has a veto power to the IMF and the World Bank so no money can go from the IMF to Zimbabwe, the arrears have been cleared that’s not a problem, but the IMF can’t do anything unless the United States says okay.

Without IMF approval and Americans veto, there cannot be a restructuring of the debt and Mr Ncube’s agenda. There cannot be any private lending into Zimbabwe because they wait for IMF approval.

Whether there is money coming from the IMF is relatively unimportant at this stage, but those Zidera (Zimbabwe Democracy and Economic Recovery Act) measure prevents the USA from supporting any kind of lending to Zimbabwe beyond the Staff-Monitored Programme, which means no money, just advice and consultation.