Source: International Monetary Fund (IMF) |

IMF Executive Board Concludes 2022 Article IV Consultation with Zimbabwe

Executive Directors welcomed the positive signs of economic recovery following two years of deep recession

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Zimbabwe on March 21, 2022. Zimbabwe experienced severe exogenous shocks (cyclone Idai, protracted drought, and the COVID-19 pandemic) during 2019-20, which along with policy missteps in 2019, led to a deep recession and high inflation. Real…

Source: International Monetary Fund (IMF) |

IMF Staff Concludes Article IV Mission to Zimbabwe

An International Monetary Fund (IMF) staff team, led by Dhaneshwar Ghura, Mission Chief for Zimbabwe, held discussions through virtual meetings in the context of the 2021 Article IV consultation

The COVID-19 crisis impacted an already weakened economy following cyclone Idai and a protracted drought. Containment and support measures introduced by the authorities helped in mitigating the adverse effects of the pandemic; economic activity is recovering, and mass vaccination continues steadily. But downside risks remain, dominated by the pandemic’s evolution,…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Concludes Visit for the Article IV Consultation and Discussions on the First Review of the Staff-Monitored Program to Zimbabwe

The discussions covered recent economic developments, the near and medium-term outlook, risks to the economy, developments in the financial sector, and the set of economic policies

An International Monetary Fund (IMF) mission led by Mr. Gene Leon visited Harare from September 5th to 19th to conduct the Article IV Consultation and review progress under the Zimbabwe’s Staff-Monitored Program (SMP). The discussions covered recent economic developments, the near and medium-term outlook, risks to the economy, developments in the…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes Mission for a Staff-Monitored Program to Zimbabwe

IMF staff and the Zimbabwean authorities have reached agreement on macroeconomic policies and structural reforms that can underpin a Staff Monitored Program

IMF staff and the Zimbabwean authorities have reached agreement on macroeconomic policies and structural reforms that can underpin a Staff Monitored Program; the SMP aims to implement a coherent set of policies that can facilitate a return to macroeconomic stability. A team from the International Monetary Fund (IMF), led by…

Source: International Monetary Fund (IMF) |

International Monetary Fund Managing Director Christine Lagarde Meets with President Emmerson Mnangagwa of Zimbabwe

Madame Lagarde welcomed President Mnangagwa’s commitment to stabilizing the Zimbabwean economy

International Monetary Fund (IMF) Managing Director Christine Lagarde today met with President Emmerson Mnangagwa of Zimbabwe on the sidelines of the World Economic Forum in Davos.  Madame Lagarde welcomed President Mnangagwa’s commitment to stabilizing the Zimbabwean economy and working towards normalizing the country’s engagement with the international community. She reiterated…

Source: International Monetary Fund (IMF) |

Launch of the October 2017 International Monetary Fund (IMF)

Regional Economic Outlook for Sub-Saharan Africa - Monday, October 30, 2017

Launch of the October 2017 IMF Regional Economic Outlook Report titled, Sub-Saharan Africa: Fiscal Adjustment and Economic Diversification Where: In Zimbabwe, Meikles Hotel, Harare, Zimbabwe; In Senegal, Pullman Teranga, Dakar, Senegal  When: Monday, October 30, 2017 at 9:00 a.m. local time in Zimbabwe and 9:00 a.m. local time in Senegal  …

Source: International Monetary Fund (IMF) |

IMF Staff Completes 2017 Article IV Visit to Zimbabwe

The team recommends taking action to unleash the potential of the private sector and ensure that growth benefits the most vulnerable segments of the population

The economy is facing difficulties as a severe drought and slow reform momentum have led to high expenditure levels since late 2015, despite subdued revenues. Spending pressures stem from high employment costs, government transfers to support specific economic sectors, and elevated discretionary expenditure. The team recommends taking action to unleash…

Source: International Monetary Fund (IMF) |

IMF Executive Board Removes Remedial Measures Applied to Zimbabwe

This follows Zimbabwe’s full settlement of all of its overdue financial obligations to the PRGT of SDR 78.3 million (about US$107.9 million) on October 20, 2016

The Executive Board of the International Monetary Fund (IMF) approved today, on a lapse of time basis,[1] the removal of the remedial measures applied to Zimbabwe that had been in place because of the member’s overdue financial obligations to the Poverty Reduction and Growth Trust (PRGT), effective November 14, 2016.…

Source: International Monetary Fund (IMF) |

AFRITAC South Holds Seminar on Strengthening Supervisory Approaches to AML/CFT

During May 16-20, 2016, the International Monetary Fund’s Regional Technical Assistance Center for Southern Africa (AFRITAC South) held a seminar at the premises of the IMF’s Africa Training Institute in Mauritius on Risk-Based Approaches to Anti Money Laundering and Combating the Financing of Terrorism (AML/CFT) Supervision. The event brought together…

Source: International Monetary Fund (IMF) |

IMF Executive Board Concludes 2016 Article IV Consultation with Zimbabwe and Third Review Under the Staff Monitored Program

On May 2, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Zimbabwe. Zimbabwe’s economic difficulties have deepened. Drought, erratic rains, and increasing temperatures, have reduced agricultural output and disrupted hydropower production and water supplies. Economic activity is severely constrained by tight liquidity conditions…