FULL TEXT: IMF Managing Director Approves A Staff-Monitored Program For Zimbabwe

The IMF argues that the Staff-Monitored Program is designed to support Zimbabwe’s reform agenda. The SMP will be monitored on a quarterly basis. It is intended to assist the Zimbabwean government in returning to macroeconomic stability. They are also meant to assist in reengagement with the international community and to improve the business environment. The financial institution believes that Structural reforms including steps to reform and privatize state-owned enterprises enhance governance. This is expected to manifest in areas such as procurement and revenue administration.

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