IMF commends macroeconomic stability in Zimbabwe
The International Monetary Fund (IMF) has hailed the macroeconomic stability prevailing in Zimbabwe, saying the country’s disciplined policies have helped stabilise the local Zimbabwean dollar currency and reduced inflation.
In a statement issued following a two-week mission to Zimbabwe, the IMF said the country’s growth this year is recovering following a sharp slowdown in 2024, which was affected by a drought that lowered agricultural output.
The organisation said, during the first half of 2025, better climate conditions and historically high gold prices had boosted agricultural and mining activity, which has contributed to the recovery, with growth projected at six per cent in 2025.
To support the Zimbabwean authorities’ stabilisation efforts, the IMF made several recommendations, including tightening the fiscal policy while safeguarding social spending and supporting a transition to a stable national currency.
The IMF added that it stands ready to resume discussions with Zimbabwe in due course on a requested Staff Monitored Programme once decisive steps have been taken by authorities to address key policy issues. (Xinhua/NAN)(www.nannews.ng)
Edited by Ummul Idris/Halima Sheji
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