By Kudzaishe Chimonera Zimbabwe and the International Monetary Fund (IMF) have reached a staff-level agreement on a new Staff-Monitored Programme (SMP), a step the authorities say could help entrench economic stability and support the country’s efforts to re-engage with international lenders. The 10-month programme is designed
The International Monetary Fund (IMF) says Zimbabwe’s economy is showing signs of recovery following last year’s slowdown but warns that fiscal pressures, rising domestic arrears and weak confidence in the local currency could derail progress unless decisive reforms are implemented. In its 2025 Article IV Consultation
The United States Congress has introduced a bill seeking to repeal the Zimbabwe Democracy and Economic Recovery Act of 2001 (ZIDERA) a law long blamed by Harare for crippling its access to international finance. Section 303 of the proposed legislation, H.R. 5300 formally repeals ZIDERA which
The International Monetary Fund (IMF) has reaffirmed its support for Zimbabwe’s reform agenda but said meaningful financial aid remains off the table until the country addresses its staggering debt burden and external arrears. The IMF's decision followed the conclusion of its 2025 Article IV consultation led
Zimbabwe is targeting a record 50 tonnes of gold this year up from 35.38 tonnes achieved last year as government seek to prop up output from the artisanal miners who have overtaken large gold producers contribution in recent years. Last year artisanal miners produced 18 tonnes
The International Monetary Fund slashes Zimbabwe’s GDP growth by half a percentage point to 3 percent
Opposition MDC Alliance has expressed fear that the US$961 Million International Monetary Fund (IMF) allocated Special Drawing Rights (SDR) might be diverted for the 2023 general elections by the Zanu PF led Government. In a statement, the party’s national spokesperson Advocate Fadzayi Mahere said history has
When Finance and Economic Development Minister, Mthuli Ncube takes his stand in Parliament next Thursday to deliver the mid-term budget review, a lot would be at stake to rescue the economy from its multi-faceted confrontations. The full impact of the Covid-19 on the economy is yet
The International Money Fund (IMF) anticipates yet another tough year for Zimbabwe's struggling economy with its growth projections for 2020 fixed in the region of zero percent in the wake of climatic shocks and mounting headwinds in the economy. In its 2020 Article IV Consultation with
Chief Chipuriro of Guruve has blamed social and moral decadence which has become a thing of the days in his area on the worsening economic situation which he said is forcing people into indulging in immoral behaviour. The tongue lashing traditional leader said most young girls
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