Friday, July 30, 2010

IMF restores Zimbabwes choosing by casting votes rights after 7 years

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WASHINGTON, Feb 19 (Reuters) - International Monetary Fundmember countries on Friday restored Zimbabwe"s voting rightsafter a seven-year suspension but said it could not have accessto IMF funds until it had paid off $1.3 billion in arrears.

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While the move is more symbolic, it is also a step by theinternational community to recognize progress so far byZimbabwe"s new unity government to mend the economy andnormalize relations with donors. (Reporting by Lesley Wroughton; Editing by Dan Grebler)

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