The International Monetary Fund has published a staff country report on Zimbabwe’s request for a Staff Monitored Program. The report says Zimbabwe is taking steps to address longstanding macroeconomic challenges and argues that recent stabilization has opened a window to consolidate progress and advance reforms. According to the report, Zimbabwe has been in debt default and excluded from international capital markets and most official financing for more than 25 years, a period marked by repeated episodes of very high inflation and economic downturns. It states that a mix of better policies and favorable external conditions has recently improved conditions, with inflation falling to single digits alongside multi-year high GDP growth and current account surpluses. The publication highlights issues including arrears, currency and foreign exchange markets, external debt, fiscal risks, public financial management, and financial markets.
International Monetary Fund2026-05-20
International Monetary Fund publishes Zimbabwe staff report tied to request for a Staff Monitored Program
The International Monetary Fund has published a staff report on Zimbabwe’s request for a Staff Monitored Program, noting that recent macroeconomic stabilization has created a window to consolidate progress and advance reforms. The report highlights that Zimbabwe has been in debt default and largely excluded from international capital markets for over 25 years, and reviews improvements in inflation, growth and the current account alongside ongoing challenges in arrears, currency and foreign exchange markets, external debt, fiscal risks, public financial management and financial markets.