Zimbabwe: Third Review Under the Staff-Monitored Program and Successor Staff-Monitored Program

November 21, 2014

Preview Citation

Format: Chicago

Zimbabwe: Third Review Under the Staff-Monitored Program and Successor Staff-Monitored Program, (USA: International Monetary Fund, 2014) accessed November 21, 2024

Summary

This paper discusses Zimbabwe’s Third Review Under the Staff-Monitored Program (SMP) and the successor SMP. Zimbabwe has succeeded in keeping macroeconomic conditions relatively stable, despite difficult political and economic circumstances. In particular, the precarious external position improved somewhat, with higher international reserves and a projected lower current account deficit in 2014. The SMP will cover a 15-month period, October 2014 through December 2015, and will be monitored based on quantitative targets and structural benchmarks. The IMF staff welcomes the authorities’ intention to continue to seek financing through grants or loans that are as concessional as possible, and to limit contracting nonconcessional loans within the ceilings set under the program.

Subject: Arrears, Banking, External debt, External position, Fiscal policy, Fiscal stance, Revenue administration

Keywords: Africa, Arrears, Clearance strategy, CR, Fiscal stance, Global, ISCR, Management of the International Monetary Fund, Normalizing relations, Staff-Monitored Program, Successor SMP, Zimbabwe's economy

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/322
Stock No:

1ZWEEA2014003
ISBN:

9781498359993
ISSN:

1934-7685

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