IMF approves staff-monitored program 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) has approved a 10-month staff-monitored program (SMP) for Zimbabwe, aimed at anchoring economic stability and supporting the nation’s efforts to re-engage with the international community. The informal agreement, announced Thursday, does not involve the immediate disbursement of funds. Instead, it serves as a technical framework to monitor the Zimbabwean government’s…

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