IMF says no financial support for Zimbabwe

President Emmerson Mnangagwa

Zimbabwean President Emmerson Mnangagwa. FILE PHOTO | COURTESY 

The International Monetary Fund said Tuesday that it was unable to offer any financial support to Zimbabwe due to its unsustainable debt and outstanding arrears.

"The IMF is precluded from providing financial support to Zimbabwe due to an unsustainable debt and official external arrears," the fund said in a statement after a month-long mission to the African country.