Zimbabwe, IMF reach SMP concession

IMF projections for 2026 show that Africa’s economic rankings have shifted, but not dramatically.

TREASURY says it has reached a concession with the International Monetary Fund (IMF) on a Staff Monitored Programme (SMP), a crucial step toward restructuring Zimbabwe’s US$21 billion debt.The nine-month SMP will see the lender provide technical assistance as part of economic reforms in the southern African country’s arrears clearance and debt resolution process.“Currently, Zimbabwe is…

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