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Zimbabwe delegation in US for IMF, World Bank meetings
4 hrs ago |
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A Zimbabwean delegation led by Finance Secretary George Guvamatanga is in Washington D.C. attending the International Monetary Fund (IMF) and World Bank Annual Meetings, where discussions on the implementation of a Staff-Monitored Programme (SMP) are progressing in earnest.
The meetings come as Zimbabwe intensifies its broad economic reform agenda focused on macroeconomic stabilisation and sustainable development.
Securing an SMP with the IMF remains one of the Government's top priorities, as it is expected to bolster confidence in economic management, strengthen policy credibility, and pave the way for the eventual clearance of external arrears.
"The SMP will enhance economic stability, provide a policy and reform implementation track record, and serve as a critical step towards arrears clearance," a Treasury official said.
Negotiations on the SMP are ongoing, with an IMF mission expected to visit Harare at the end of October 2025 to finalise discussions and align on key benchmarks.
In parallel, the delegation is also holding engagements with the World Bank and other multilateral financial institutions to deepen cooperation and support programmes aligned with Vision 2030, Zimbabwe's long-term national development strategy.
The meetings are viewed as a significant opportunity for Zimbabwe to reinforce its commitment to fiscal discipline, governance reforms, and inclusive growth.
The meetings come as Zimbabwe intensifies its broad economic reform agenda focused on macroeconomic stabilisation and sustainable development.
Securing an SMP with the IMF remains one of the Government's top priorities, as it is expected to bolster confidence in economic management, strengthen policy credibility, and pave the way for the eventual clearance of external arrears.
"The SMP will enhance economic stability, provide a policy and reform implementation track record, and serve as a critical step towards arrears clearance," a Treasury official said.
Negotiations on the SMP are ongoing, with an IMF mission expected to visit Harare at the end of October 2025 to finalise discussions and align on key benchmarks.
In parallel, the delegation is also holding engagements with the World Bank and other multilateral financial institutions to deepen cooperation and support programmes aligned with Vision 2030, Zimbabwe's long-term national development strategy.
The meetings are viewed as a significant opportunity for Zimbabwe to reinforce its commitment to fiscal discipline, governance reforms, and inclusive growth.
Source - online
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