Zimbabwe: 2001 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; Statement by the Executive Director for Zimbabwe and Statement by the Authorities of Zimbabwe

June 25, 2002

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Zimbabwe: 2001 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; Statement by the Executive Director for Zimbabwe and Statement by the Authorities of Zimbabwe, (USA: International Monetary Fund, 2002) accessed November 23, 2024

Summary

This 2001 Article IV Consultation highlights that Zimbabwe’s economic crisis has continued to deepen. The deterioration has mainly been the result of inappropriate macroeconomic policies and a general breakdown in the rule of law in the context of the government’s fast-track land reform program launched in early 2000. This deterioration has undermined investor confidence, contributed to the rise in unemployment, destroyed capital, and eroded institutions important for economic development, thereby darkening the longer-term outlook. Real GDP is projected to contract by 8½ percent in 2001.

Subject: Arrears, Banking, Credit, External debt, Foreign exchange, Inflation, Money, Prices

Keywords: Africa, Arrears, Authority, CR, Credit, Global, Government, Inflation, ISCR, Land reform, Land reform reform program, Monetary policy, Reserve bank of Zimbabwe, Southern Africa, Treasury bill yield, UNDP team, Zimbabwean government

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/125
Stock No:

1ZWEEA0012002
ISBN:

9781451841435
ISSN:

1934-7685

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