News / National
IMF headed for Zimbabwe
02 Nov 2018 at 06:32hrs | Views
An International Monetary Fund (IMF) delegation is expected in the country this Wednesday for the annual Article IV consultations - with discussions likely to focus on monetary and fiscal policy, state institutions and other risks factors.
Every year, the IMF arranges bilateral Article IV consultations with Zimbabwe and other member countries, with teams being dispatched to collect economic and financial data and discuss economic policy measures with officials.
Through these consultations, the IMF attempts to assess each country's economic health and anticipates its future financial problems and also make some recommendations.
The staff report prepared by the IMF staff for the Executive Board's consideration on July 5, 2017, following discussions with Zimbabwean officials on economic developments and policies that ended on May 13 the same year, highlighted issues to do with slow economic reform momentum, high expenditure levels, subdued revenues, limited access to foreign inflows and rising domestic borrowing, resulting in unsustainable fiscal imbalances.
Every year, the IMF arranges bilateral Article IV consultations with Zimbabwe and other member countries, with teams being dispatched to collect economic and financial data and discuss economic policy measures with officials.
Through these consultations, the IMF attempts to assess each country's economic health and anticipates its future financial problems and also make some recommendations.
The staff report prepared by the IMF staff for the Executive Board's consideration on July 5, 2017, following discussions with Zimbabwean officials on economic developments and policies that ended on May 13 the same year, highlighted issues to do with slow economic reform momentum, high expenditure levels, subdued revenues, limited access to foreign inflows and rising domestic borrowing, resulting in unsustainable fiscal imbalances.
Source - Business Weekly
