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Zimbabwe gets the vote back from IMF

Posted by admin February - 19 - 2010 - Friday

The International Monetary Fund (IMF) has agreed to restore Zimbabwe’s voting rights after a seven-year suspension for unpaid debts.

But the fund said the country was still ineligible for loans until it had paid off more of the $1.3bn (£841m) it owes to creditors.

In the meantime, Zimbabwe can take part in IMF decision-making.

The move recognises the country’s efforts to repair its economy and improve relations with donors.

There are signs that the country’s economy is improving a year after former foes President Robert Mugabe and Prime Minister Morgan Tsvangirai united in a coalition government.

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