IMF sees new funding opportunities for Zimbabwe

The IMF management’s approved of a 10-month non-financing SMP for Zimbabwe, a programme aimed at consolidating recent economic stabilisation gains, improving macroeconomic management, and supporting the country’s re-engagement efforts with the international community.

THE International Monetary Fund (IMF) says a potential Staff-Monitored Program (SMP) with Zimbabwe, currently under negotiation, could unlock crucial external financing and investment for the country. Responding to questions from the Portfolio Committee on Finance in Parliament, IMF senior economist, Silvia Domit, said while the SMP does not involve direct financial assistance, it is seen…

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