IMF restores Zimbabwe's voting rights
The International Monetary Fund on Friday restored Zimbabwe's voting rights after a suspension of nearly seven years over financial arrears, but said the country remained ineligible for loans.
The IMF said its executive board decided Friday "to restore Zimbabwe's voting and related rights, and its eligibility to use resources from the IMF's General Resources Account."
The action followed a request from Zimbabwe's government, the IMF said.
However, the IMF noted, Zimbabwe will not be able to use resources from the fund's GRA or the Poverty Reduction and Growth Trust "until it fully settles its arrears to the PRGT" of about 140 million dollars.
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