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HARARE – The International Monetary Fund (IMF) is urging Zimbabwe to implement a series of reforms to tackle economic instability, with a strong focus on addressing corruption vulnerabilities as a key driver of sustainable growth.
HARARE – The International Monetary Fund (IMF) has called on President Emmerson Mnangagwa’s regime to establish clear accountability measures for the recently launched Mutapa Investment Fund, addressing concerns about its potential for misuse.
President Emmerson Mnangagwa’s administration has pointed a middle finger at the recommendations made by the International Monetary Fund (IMF) on measures to ease inflation in Zimbabwe.
The International Monetary Fund (IMF) has issued a strong rebuke of President Emmerson Mnangagwa’s regime especially on how it is managing the economy and emphasised the need for uncompromising reforms in order to curb the skyrocketing inflation.
International Monetary Fund (IMF) has insisted that it will not allocate money to Zimbabwe without a clear path to comprehensive restructuring of external debt, “including the clearance of arrears; a reform plan that is consistent with macroeconomic stability, growth and poverty reduction; a reinforcement of the social safety net; and governance and transparency reforms.”
It is now seven months since Finance Minister Mthuli Ncube promised to present to Parliament how government was going to utilise around US$1 billion allocated to Zimbabwe under the Special Drawing Rights (SDRs) from the International Monetary Fund (IMF).
The 2022 national budget slightly falls short of the 1 trillion dollar mark raising fears of new inflationary pressures in the economy largely driven by parallel market rates and speculative behaviour.
Finance minister Mthuli Ncube has been urged to learn from one of his predecessors, Tendai Biti on how to use the funds that the country was allocated by the International Monastery Fund (IMF) under Special Drawing Rights (SDRs).
Opposition MDC Alliance vice-president Tendai Biti has disputed the International Monetary Fund (IMF) report that recognised progress towards resuscitating Zimbabwe’s economy, claiming that it was based on assumptions and not factual observations.
The International Monetary Fund (IMF) has approved a $363m (£293m) aid package to help the Democratic Republic of Congo deal with the effects of coronavirus.