Zimbabwe impresses IMF

An International Monetary Fund (IMF) delegation visiting Zimbabwe to review progress made towards reforms under a Staff Monitored Programme (SMP) said Wednesday it had concluded its mission.

Head of the IMF team, Domenico Fanizza told reporters, after meeting Finance Minister, Patrick Chinamasa, that the global lender had been impressed by the country's commitment towards implementing agreed reforms.

The IMF team said the southern African country had met its targets for June, with Chinamasa telling reporters that he was confident Harare would "stay on course" and achieve its targets for the remainder of the year.  

He said the IMF had been impressed by steps towards liberalising the labour market and ongoing restructuring processes in government finances.