Zimbabwe: 2009 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Zimbabwe

May 11, 2009

Summary

Economic and social indicators in Zimbabwe worsened significantly in 2008. Real GDP is estimated to have fallen by about 14 percent in 2008 owing to economic disruptions caused by hyperinflation and a further significant deterioration in the business climate. Executive Directors have welcomed the authorities’ Short-Term Emergency Recovery Program (STERP) that is based on sound principles of macroeconomic management. Directors have also underscored the importance of establishing fiscal discipline while ensuring the delivery of essential public services.

Subject: Central banks, External debt, Foreign exchange, International organization, Monetary policy, Money, Public financial management (PFM)

Keywords: Africa, Budget planning and preparation, conditions in Zimbabwe, Currencies, donor financing support, Global, inflation expectation, low-inflation environment, Quasi-fiscal operations, US$ million, Zimbabwe dollar hyperinflation, Zimbabwean authorities

Pages:
49
Volume:
2009
DOI:
https://doi.org/10.5089/9781451841527.002
Issue:
139
Series:
Country Report No. 2009/139
Stock No:
1ZWEEA2009001
ISBN:
9781451841527
ISSN:
1934-7685

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