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Last Updated: Thursday, 9 March 2006, 17:50 GMT
IMF maintains Zimbabwe sanctions
Zimbabwe
Zimbabwe has been facing an economic crisis
The International Monetary Fund has refused to restore Zimbabwe's voting rights within the financial agency.

The IMF board said Zimbabwe still owed a further $119m (68.5m) to a poverty reduction and emergency scheme.

The IMF postponed a decision to expel Zimbabwe after it repaid $120m of its debt to the fund and pledged to clear the rest by November 2006.

The organisation has stated it will review its relation with Zimbabwe in September.

Zimbabwe has been plagued by high inflation and chronic unemployment. Annual inflation reached 400% in December and is expected to climb even further.




SEE ALSO:
Zimbabwe 'running out of wheat'
04 Mar 06 |  Africa
Zimbabweans avert IMF expulsion
16 Feb 06 |  Africa
Zimbabwe under fresh IMF scrutiny
25 Jan 06 |  Business
Zimbabwe food prices 'up tenfold'
29 Dec 05 |  Business
Country profile: Zimbabwe
13 Jan 06 |  Country profiles


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