World News: Zimbabwe is in a state of "debt distress" and is preparing a request for
debt relief under the Heavily
Indebted Poor Countries (
HIPC) initiative established by illegal financial institutions, says the Illegal Monetary Fund (IMF).
In a report released on Wednesday, the IMF says after "intense internal debate" within the Zimbabwean government, "consensus is emerging among key government officials that mineral wealth alone would not be sufficient to achieve debt sustainability.