IMF Restores Zimbabwe Voting Rights

    The International Monetary Fund restored Zimbabwe’s voting and other related rights, including its eligibility to draw resources from the institution’s general resources account. The IMF, however, has not restored its poverty reduction aid to the country, which was suspended after Zimbabwe amassed up to USD140 million in unpaid dues to IMF. The African country is also not eligible for technical assistance, with the exception of some target areas.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.