IMF upholds sanctions against Zimbabwe

The Executive Board of the International Monetary Fund met Wednesday 8 March to review Zimbabwe's overdue financial obligations to the Fund and consider the sanctions imposed on Zimbabwe.

The Board noted that as a result of Zimbabwe's full settlement of its arrears to the IMF's General Resources Account (GRA),1 the Managing Director had withdrawn his complaint with respect to compulsory withdrawal. Following the discussion, the Executive Board decided not to restore Zimbabwe's voting and relat