Zimbabwe: Zimbabwe: Settlement of Overdue Financial Obligations to the Poverty Reduction and Growth Trust,Lifting of Declaration of Noncooperation, Lifting of Restriction on Fund Technical Assistance, and Restoration of Poverty Reduction and Growth Trust Eligibility-Press Release; and Staff Report

December 19, 2016

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Zimbabwe: Zimbabwe: Settlement of Overdue Financial Obligations to the Poverty Reduction and Growth Trust,Lifting of Declaration of Noncooperation, Lifting of Restriction on Fund Technical Assistance, and Restoration of Poverty Reduction and Growth Trust Eligibility-Press Release; and Staff Report, (USA: International Monetary Fund, 2016) accessed December 26, 2024

Summary

This paper discusses Zimbabwe’s Settlement of Overdue Financial Obligations to the Poverty Reduction and Growth Trust (PRGT), Lifting of Declaration of Noncooperation, Lifting of Restriction on IMF technical assistance, and restoration of PRGT eligibility. In light of Zimbabwe’s settlement of its overdue financial obligations to the PRGT, the IMF staff proposes that the Board remove the remaining remedial measures. Zimbabwe is eligible to return to the PRGT-eligibility list. The IMF staff also proposes that the Board lift the declaration of noncooperation, remove the remaining restriction on the provision of IMF technical assistance, and reinstate Zimbabwe as a PRGT-eligible country.

Subject: Arrears, Debt sustainability, External debt, Fiscal consolidation, Fiscal policy, Fiscal sustainability, Poverty, Poverty reduction and development

Keywords: Arrears, Clearance plan, Clearing Zimbabwe's arrears, CR, Debt sustainability, Fiscal consolidation, Fiscal sustainability, ISCR, Poverty reduction and development, PRGT arrears, PRGT of SDR, PRGT-eligibility list, Zimbabwe

Publication Details

Pages:

7
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/382
Stock No:

1ZWEEA2016002
ISBN:

9781475561258
ISSN:

1934-7685

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