The International Monetary Fund (IMF) has reached a staff-level agreement with Zimbabwean authorities on next set of reforms to be undertaken as part of the country’s staff-monitored programme.
In a statement on Thursday, the IMF announced that the staff-level agreement was one of the outcomes from a visit to Harare by the Fund’s team led by Wojciech Maliszewski that ran from 7-17 September.
“We are pleased to announce that IMF staff and the Zimbabwean authorities have reached a staff-level agreement on policies to complete the second review under Zimbabwe’s 10-month Staff-Monitored Programme,” Maliszewski said.
The agreement is subject to approval by IMF management.
“Completion of the review would mark a further step in consolidating macroeconomic stability and building a track record toward arrears clearance, debt restructuring, and re-engagement with the international community,” the official said.
The IMF team praised Zimbabwe’s performance so far under the staff-monitored programme, describing implementation of agreed reforms up to the end of June 2026 as strong.
“All quantitative and indicative targets were met except the indicative target on protected social and priority spending.”
Maliszewski said Zimbabwe’s economy is projected to expand by five percent in 2026 before moderating to 3.5 percent on the back of an anticipated super El Niño event that is expected to affect agricultural production.
Inflation is expected to remain in single digits in 2027 while the current account is projected to remain in surplus.
Anticipated reforms include continued improvements in expenditure controls, public financial management and domestic arrears management, further liberalisation of the foreign exchange market, and implementation of the anti-corruption strategy to reinforce accountability and public confidence.
JN/APA