Ditch export surrender rules: IMF

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) has recommended that Zimbabwe move away from the export surrender requirements, advocating for a significant overhaul of the country’s foreign exchange management and monetary policy.The recommendation follows a recent mission by the Bretton Woods institution to assess Zimbabwe’s economic landscape.A key focus of the IMF’s recommendations is to improve the…

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