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The International Monetary Fund has lifted sanctions against Zimbabwe, after the country settled all overdue payments to the fund’s Poverty Reduction and Growth Trust last month.
The move ends the IMF’s suspension of technical assistance and restores Zimbabwe to the list of countries eligible to benefit from the trust. Zimbabwe repaid nearly 108 million dollars in debt last month, ending more than 15 years of arrears.
But the IMF has said it can’t consider a new loan programme for Zimbabwe until the country clears another more than 1 billion dollars owed to the World Bank and 600 million dollars owed to the African Development Bank.
