The International Monetary Fund says it has deposited $409 million in Zimbabwe's IMF account to help improve its foreign currency reserves.

The BBC reported Friday the IMF funds for Zimbabwe come as the African country is mired in an economic crisis blamed, in part, on mismanagement of its central bank funds.

The international organization said while it has not attached any conditions to the money, an additional $103 million in IMF funds will not be accessible to Zimbabwe until the country is clear of $1 billion worth of accumulated debts. The additional funds are to be held in escrow until those debts are cleared.

The BBC said the funds for Zimbabwe are intended to strengthen the organization's reserves by $250 billion. The plan for the reserves improvement was agreed upon during April's G20 summit in London.

An unidentified IMF spokesman said all 186 IMF members will be given funds commensurate with their voting rights or IMF quota.