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The International Monetary Fund has 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 Washington-based institution said, Zimbabwe would not be able to use resources from the GRA or the Poverty Reduction and Growth Trust "until it fully settles its arrears to the PRGT" of about 140 million dollars.
In addition, access to IMF lending resources is also subject to IMF policies on the use of such resources, it said.
Those considerations include "a track record of sound policies and the resolution of arrears to official creditors, which would require donor support."
