Zimbabwe signs agreement with IMF to strengthen macro framework

Zimbabwe bond note

The International Monetary Fund has signed a new agreement with authorities in Zimbabwe to help the country stabilise its economy.

On April 5, the fund agreed a new staff-monitored programme aimed at supporting new macroeconomic policies and fiscal reforms. The IMF did not approve a financing programme with Zimbabwe, amid ongoing concerns about the country’s ability to service its debts.

“Zimbabwe is facing deep macroeconomic imbalances, with large fiscal deficits and significant distortions

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