Xinhua— The International Monetary Fund has hailed the macroeconomic stability prevailing in Zimbabwe, saying the country's disciplined policies have helped stabilize the local Zimbabwean dollar currency and reduce inflation.
In a statement issued Wednesday 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.
According to the statement, during the first half of 2025, better climate conditions and historically high gold prices have boosted agricultural and mining activity, which has contributed to the recovery, with growth projected at 6 percent in 2025.
To support the Zimbabwean authorities' stabilization efforts, the IMF made several recommendations, including tightening the fiscal policy while safeguarding social spending and supporting a transition to a stable national currency through an effective monetary policy framework and market-determined exchange rate policy.
The IMF added that it stands ready to resume discussions with Zimbabwe in due course on a requested Staff Monitored Program once decisive steps have been taken by authorities to address key policy issues.
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