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THE International Monetary Fund has approved a ten‑month Staff‑Monitored Programme for Zimbabwe in a significant show of support for Harare’s economic recovery.
IMF management gave the green light to the informal agreement in Washington DC yesterday. The programme will run until early 2027.
In a statement, the global lender said the programme is designed to consolidate recent stabilisation gains achieved since 2025, when tight monetary policy and stronger mining and agricultural output helped push annual inflation down to 4.4 percent by March this year.
Under the non‑financing arrangement, Zimbabwean authorities have committed to tighter budget discipline, improved cash planning and stronger governance.
Government will anchor first‑half spending on a conservative revenue forecast to avoid the accumulation of new domestic arrears, while also operationalising the Zimbabwe Social Registry to improve the targeting of welfare support.
Structural reforms under the programme include publishing audited financial statements for state‑owned enterprises under the Mutapa Investment Fund and strengthening oversight of public‑sector liabilities in line with the Public Debt Management Act.
The IMF said the programme aims to build a credible policy track record as a stepping stone towards a potential future Fund‑supported arrangement. It also supports Harare’s broader roadmap for clearing arrears and re‑engaging with the international community.
