Reuters AlertNet Lite - IMF reaffirms economic sanctions against Zimbabwe

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IMF reaffirms economic sanctions against Zimbabwe

23 Feb 2007 22:22:02 GMT
Source: Reuters

WASHINGTON, Feb 23 (Reuters) - The International Monetary Fund said on Friday it would maintain its suspension of financial and technical aid to Zimbabwe for failing to clear its arrears and remedy the Southern African country's deteriorating economic and social conditions.

"The board expressed deep concern over the deteriorating economic and social conditions and regretted that the authorities have not undertaken the policies recommended by the IMF," the fund said in a statement.

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Last updated:Fri Feb 23 22:23:03 2007