Zimbabwe: 2005 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of Zimbabwe
IMF Staff Country Reports, October 4, 2005
Source details
- Canonical URL
- Zimbabwe: 2005 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of Zimbabwe
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Bibliographic details
- Published: October 4, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451841510.002
Macroeconomic outlook and growth
- IMF staff assessment: Zimbabwe’s pace of economic deterioration slowed somewhat in 2004, but appears to have picked up again in the first half of 2005.
- Real GDP:
- IMF staff estimates that real GDP fell by about 4 percent in 2004.
- This compares with a contraction of 10½ percent in the preceding year.
Monetary policy and inflation dynamics
- Monetary policy stance: Monetary policy has been tightened, but not consistently.
- Interest rate movements:
- Overnight interest rates were raised sharply in early 2004.
- Overnight interest rates were lowered subsequently as inflation declined.
- Real interest rates were maintained at high levels for most of the year.
Primary subjects and keywords (as listed)
- Subjects: Contingent liabilities, Exchange rate arrangements, Exchange rates, External debt, Foreign exchange, Inflation, Monetary base, Money, Prices
- Keywords: broad money, CR, exchange rate, Exchange rates, Global, government, government assets, government of Zimbabwe, IMF staff mission, Inflation, ISCR, land reform reform program, Monetary base, monetary policy, priority government payment, Southern Africa, triple-digit inflation, Zimbabwean authorities
International Monetary Fund. "Zimbabwe: 2005 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of Zimbabwe", IMF Staff Country Reports 2005, 360 (2005).