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Zimbabwe: Row between minister, bank chief over IMF fund becomes legal dispute.

BBC Monitoring International Reports

| October 30, 2009 | COPYRIGHT 2001 BBC Monitoring. (Hide copyright information)Copyright

Text of report by privately-owned weekly newspaper The Zimbabwe Independent website on 29 October

[Report by Bernard Mpofu, Leonard Makombe: "IMF Funds Tug-of-War Enters Legal Arena"]

Tension between Finance Minister Tendai Biti and Reserve Bank Governor Gideon Gono over control of government financial levers has turned into a legal dispute on who has authority over the recent 510m-dollar financial aid from the International Monetary Fund (IMF). Last week saw Biti and Gono upping their campaigns to claim custody of the Bretton Woods institution's Special Drawing Rights (SDRs) disbursed last month to stem the global economic recession.

The funds came after a G20 meeting in March generated 262bn dollars to …

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