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…
Zimbabwe, IMF reach SMP concession
IMF projections for 2026 show that Africa’s economic rankings have shifted, but not dramatically.