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IMF says Zimbabwe's 2025 rebound stronger than expected
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Zimbabwe's economy is rebounding more strongly than anticipated in 2025, buoyed by a recovery in agriculture, steady mining output, and easing inflation under a stable exchange rate, the International Monetary Fund (IMF) said yesterday.
An IMF staff team led by Wojciech Maliszewski visited Harare from October 29 to November 5 for consultations with the Government and key stakeholders as part of the Fund's ongoing engagement with Zimbabwe.
"Zimbabwe's economic recovery in 2025 is stronger than previously anticipated, given the rebound in agriculture and solid performances in mining, while inflation has continued to significantly ease, supported by a stable foreign exchange rate," said Maliszewski in a statement issued at the end of the mission.
"The economy is expected to maintain strong momentum in 2026."
Discussions during the visit centred on strengthening fiscal discipline and ensuring that the 2026 national budget aligns expenditure with revenues and sustainable, non-inflationary financing. The IMF urged authorities to avoid accumulating arrears and to adopt credible revenue projections backed by concrete tax policy and administrative reforms.
"In the context of the requested Staff Monitored Programme, IMF staff stand ready to resume discussions upon progress toward addressing key policy issues highlighted in the Article IV consultations," Maliszewski said.
The IMF also emphasised the importance of continued macroeconomic stability, including maintaining a predictable policy environment to build investor confidence and sustain growth.
The mission met with Finance, Economic Development and Investment Promotion Minister Mthuli Ncube, Reserve Bank Governor John Mushayavanhu, and other senior officials from across Government.
In its concluding remarks, the IMF praised the Zimbabwean authorities for their "warm hospitality, open dialogue, and excellent cooperation" throughout the visit.
The latest assessment reflects growing international recognition of Zimbabwe's ongoing economic reforms, which have seen price stability, foreign currency gains, and expanding productive sectors drive a stronger-than-expected post-pandemic recovery.
An IMF staff team led by Wojciech Maliszewski visited Harare from October 29 to November 5 for consultations with the Government and key stakeholders as part of the Fund's ongoing engagement with Zimbabwe.
"Zimbabwe's economic recovery in 2025 is stronger than previously anticipated, given the rebound in agriculture and solid performances in mining, while inflation has continued to significantly ease, supported by a stable foreign exchange rate," said Maliszewski in a statement issued at the end of the mission.
"The economy is expected to maintain strong momentum in 2026."
Discussions during the visit centred on strengthening fiscal discipline and ensuring that the 2026 national budget aligns expenditure with revenues and sustainable, non-inflationary financing. The IMF urged authorities to avoid accumulating arrears and to adopt credible revenue projections backed by concrete tax policy and administrative reforms.
The IMF also emphasised the importance of continued macroeconomic stability, including maintaining a predictable policy environment to build investor confidence and sustain growth.
The mission met with Finance, Economic Development and Investment Promotion Minister Mthuli Ncube, Reserve Bank Governor John Mushayavanhu, and other senior officials from across Government.
In its concluding remarks, the IMF praised the Zimbabwean authorities for their "warm hospitality, open dialogue, and excellent cooperation" throughout the visit.
The latest assessment reflects growing international recognition of Zimbabwe's ongoing economic reforms, which have seen price stability, foreign currency gains, and expanding productive sectors drive a stronger-than-expected post-pandemic recovery.
Source - zimlive
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