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Washington - The IMF announced on Wednesday that it had resumed technical assistance to Zimbabwe following consultations with the new unity government in the poverty-stricken nation.
The International Monetary Board's executive board "decided to lift the suspension of Fund technical assistance to Zimbabwe in targeted areas" effective May 4, a statement from the Washington-based institution said.
The board took into account a "significant improvement in Zimbabwe's cooperation on economic policies" to address its problems over arrears, which amounted to $133m, the statement said.
Zimbabwe has also moved to address "severe capacity constraints in the IMF's core areas of expertise that represent a major risk to the implementation of the government's macroeconomic stabilisation programme."
The decision followed consultations after Prime Minister Morgan Tsvangirai took office in February in a unity government with long-time President Robert Mugabe, whose government was shunned by the international community and narrowly averted expulsion from the IMF over arrears.
- AFP