Zimbabwe: Staff Monitored Program

July 3, 2013

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Zimbabwe: Staff Monitored Program, (USA: International Monetary Fund, 2013) accessed November 25, 2024

Summary

This staff report for Zimbabwe highlights the key macroeconomic challenges of taking steps to improve fiscal and external sustainability and increase financial sector stability. Zimbabwe has made good progress in restoring macroeconomic stability since the end of hyperinflation in 2009, but the economic rebound is waning, and key challenges need to be tackled. Strong policies are needed to sustain the economic recovery, restore fiscal and external sustainability, and increase financial stability. This would place the economy on a long-term, sustained inclusive growth path. Implementation of indigenization and empowerment policies according to transparent rules, with due respect to property rights, remains essential to build investor confidence and attract needed foreign direct investment.

Subject: Arrears, Banking, Central banks, External debt, Financial sector policy and analysis, Financial sector stability, International reserves, Revenue administration

Keywords: Africa, Arrears, Broad money, Cash basis, Clearance strategy, CR, Cross arrears problem, Debt stock, Diamond valuator, Financial sector stability, Global, Government Domestic Payment Arrears, International reserves, ISCR, Monetary base, Payment arrears, Private sector, Zimbabwean authorities

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/193
Stock No:

1ZWEEA2013001
ISBN:

9781475539578
ISSN:

1934-7685

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