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04 February 2010

UK Government supports call for the restoration of Zimbabwe’s IMF voting rights

The UK Government today welcomed the call by Zimbabwean Finance Minister Tendai Biti for the restoration of Zimbabwe’s voting rights at the IMF.

The recent improvement in the macroeconomic management of Zimbabwe under Minister Biti has seen a stabilisation in inflation, the restoration of key services, an increase in tax revenue and growth in the Zimbabwean economy.

The UK Government also welcomes Zimbabwe’s re-engagement with the IMF over the last year, which has underpinned economic reform in Zimbabwe. Support for restoration of Zimbabwe’s IMF voting rights is recognition of this progress, and forms part of Zimbabwe’s re-engagement with international financial institutions.

Notes for editors

1. HM Treasury is the Government’s lead department on the UK’s relationship with the IMF. For further information on the UK’s relationship with the IMF please call the Treasury press office on: 020 7270 5342

2. The Foreign and Commonwealth Office is the UK’s lead department on relations with Zimbabwe. For further information on relations between the UK and Zimbabwe please call the FCO press office on: 020 7008 3100

3.  The Department for International Development is the lead department for overseas aid. For further information on UK aid to Zimbabwe please contact the DFID press office on: 020 7023 0600

Non-media enquiries should be addressed to the Treasury Correspondence and Enquiry Unit on 020 7270 4558 or by e-mail to public.enquiries@hm-treasury.gov.uk

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