Bulawayo24 News - Skyes! "it makes perfect sense"

IMF's Bangladesh economists must stay out of Zimbabwe

The International Monetary Fund's (IMF) latest report on Zimbabwe's economy follows a familiar script - polite praise for modest progress, followed by subtle warnings and prescriptive reforms that often do more harm than good. At the heart…

Published: 08 Oct 2025 at 18:08hrs | | by Changamire Dombo

Discredited IMF says ZiG stability artificial

The International Monetary Fund (IMF) has cast doubt on the government's claims that the stability of the Zimbabwe Gold (ZiG) currency reflects sound economic management, revealing that the Reserve Bank of Zimbabwe (RBZ) has been heavily i…

Published: 07 Oct 2025 at 10:46hrs | | by Staff reporter

Zimbabwe races to implement IMF-backed reforms

Zimbabwe is racing to implement wide-ranging fiscal and monetary reforms agreed with the International Monetary Fund (IMF), as the country seeks to exit its long-standing debt crisis, rebuild trust with international creditors, and unlock …

Published: 07 Aug 2025 at 17:16hrs | | by Staff reporter

IMF sees signs of recovery in Zimbabwe

Zimbabwe is showing early signs of economic recovery and macroeconomic stabilization, buoyed by recent policy reforms and improved fiscal management, according to the International Monetary Fund (IMF). The findings were published following…

Published: 24 Jul 2025 at 16:53hrs | | by Staff reporter

Mangudya calls for equitable IMF fund disbursements

Former Reserve Bank of Zimbabwe (RBZ) governor and current CEO of Mutapa Investment Fund, John Mangudya, has urged the International Monetary Fund (IMF) to ensure equitable disbursements of funds to Africa to enable the continent to realiz…

Published: 28 Jun 2025 at 14:44hrs | | by Staff reporter

IMF withholds Zimbabwe reform programme

The International Monetary Fund (IMF) has signalled that Zimbabwe's much-anticipated Staff Monitored Programme (SMP) - a critical step in the country's economic reform and debt resolution strategy - will only begin once authorities take "d…

Published: 20 Jun 2025 at 07:39hrs | | by Staff reporter

Fadzayi Mahere criticizes Nick Mangwana's spin on IMF economic assessment

Former Mt Pleasant legislator and constitutional lawyer Fadzayi Mahere has publicly rebuked Information Permanent Secretary Nick Mangwana for attempting to portray the International Monetary Fund's (IMF) recent observations on Zimbabwe's e…

Published: 12 Jun 2025 at 18:56hrs | | by Staff reporter

IMF wants Zimbabwe's gold-backed ZiG to become sole currency

The International Monetary Fund (IMF) has expressed support for the full adoption of Zimbabwe's new currency, the Zimbabwe Gold (ZiG), as the country pushes to secure a staff-monitored program (SMP) that could unlock much-needed debt restr…

Published: 11 Jun 2025 at 09:05hrs | 1161 | by Staff reporter

Mnangagwa meets IMF delegation amid worsening economic crisis

President Emmerson Mnangagwa yesterday held a high-level meeting with an International Monetary Fund (IMF) delegation currently in Zimbabwe for an Article IV Consultation, as the country grapples with deepening economic turmoil marked by a…

Published: 10 Jun 2025 at 10:10hrs | 979 | by Staff reporter

IMF kicks off crucial talks in Zimbabwe

A high-level delegation from the International Monetary Fund (IMF) has begun formal meetings with Zimbabwean authorities, launching a critical mission to assess the country's reform trajectory under the ongoing Staff Monitored Programme (S…

Published: 05 Jun 2025 at 11:33hrs | | by Staff reporter

IMF team set to arrive in Zimbabwe

Zimbabwe is poised to take a crucial step towards restoring its economic credibility and unlocking foreign investment, with an International Monetary Fund (IMF) delegation expected this week to finalize talks on placing the country under a…

Published: 01 Jun 2025 at 14:25hrs | | by Staff reporter

Zimbabwe's economic reforms gain momentum with IMF deal

Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has announced that Zimbabwe expects to secure a Staff Level Agreement (SLA) with the International Monetary Fund (IMF) on a Staff Monitored Programme …

Published: 28 May 2025 at 10:38hrs | | by Staff reporter

Zimbabwe steel sector poised for rebound

Zimbabwe's steel industry is poised for a major revival following the Government's recent introduction of import licensing requirements for specific steel products. Industry stakeholders have welcomed the move, saying it will help curb exc…

Published: 18 May 2025 at 11:53hrs | 278 | by Staff reporter

Zimbabwe focuses on boosting productivity in winter season

Zimbabwe has positioned itself for a strong winter cropping season with an estimated 141,000 hectares available for wheat production following an extensive rehabilitation of irrigation infrastructure. Of this, 7,500 hectares are earmarked …

Published: 18 May 2025 at 11:52hrs | 102 | by Staff reporter

IMF, World Bank urged to back Zimbabwe economic recovery efforts

Former Mozambican President Dr Joaquim Chissano and African Development Bank (AfDB) President Dr Akinwumi Adesina have called on the International Monetary Fund (IMF) and the World Bank to support Zimbabwe's economic recovery efforts, emph…

Published: 23 Apr 2025 at 08:29hrs | 146 | by Staff reporter

IMF cautions Zimbabwe

ZIMBABWE won't solve its economic challenges via the gold-backed ZiG currency that it launched in April and has since had to devalue, the International Monetary Fund said."There's a tendency to see the market rate, the exchange rate, as th…

Published: 27 Oct 2024 at 12:30hrs | 4019 | by Staff reporter

Zimbabwe GDP to grow by 4,8%

The International Monetary Fund (IMF) has reported that Zimbabwe's real gross domestic product is expected to grow by approximately 4.8 percent in the current year, driven primarily by robust performances in the mining and agriculture sect…

Published: 26 Oct 2023 at 06:26hrs | | by Staff reporter

US resists pressure to reform IMF voting shares

US Treasury Secretary Janet Yellen showed little willingness to embrace reforms at the International Monetary Fund that would give China and other developing countries significantly more say in how the world's go-to emergency lender is run…

Published: 12 Oct 2023 at 06:18hrs | 2 | by Staff reporter

Africa: Embattling a Continent

When the IMF goes to warSo the International Monetary Fund (IMF) staff has decided to grant Ukraine some whooping USD15,6 billion?Ukraine is at war with Russia.A war funded and supplied by America and all NATO countries. As the IMF staffer…

Published: 25 Mar 2023 at 12:59hrs | 3 | by Jamwanda2 on Saturday

Mnangagwa's govt draws down US$311m from IMF kitty

ZIMBABWE has drawn down US$311 million from the US$958 million it was allocated under extra Special Drawing Rights by the International Monetary Fund in August last year, an automatic allocation along with the rest of the IMF membership.Th…

Published: 14 Nov 2022 at 05:09hrs | 1 | by Staff reporter

Mthuli Ncube told to come clean on IMF funds

FINANCE minister Mthuli Ncube has been told to come clean on the utilisation and disbursement of the International Monetary Fund (IMF) Special Drawing Rights (SDR) funds.The Budget and Finance Portfolio Committee chairperson, Matthew Nyash…

Published: 22 Aug 2022 at 07:09hrs | 2 | by Staff reporter

'Timely IMF boost saved Zimbabwe'

A PAN African lender has ranked Zimbabwe among the biggest beneficiaries of the US$33 billion injected into the region's economies by the International Monetary Fund (IMF) last year.Africa Export Import Bank (Afreximbank) said in a new pap…

Published: 14 Jun 2022 at 06:41hrs | | by Staff reporter

IMF applauds Zimbabwe on meeting NDS1 targets

THE International Monetary Fund (IMF) has applauded Zimbabwe for meeting the National Development Strategy (NDS1). This is revealed in the Zimbabwe Coalition for Debt and Development (Zimcodd) report."Acknowledging the International M…

Published: 18 Apr 2022 at 12:32hrs | | by Stephen Jakes

IMF raises red flag on murky Command Agric

THE International Monetary Fund (IMF) has expressed concern over the limited levels of transparency and accountability on the country's agriculture import substitution programme, widely known as Command Agriculture, amid growing criticism …

Published: 16 Apr 2022 at 20:41hrs | 2 | by Staff reporter

World Bank and the IMF have remained largely colonial in character to this day

Most people assume that inequality between the global South and the global North (the United States, Western Europe, Japan, Canada and Australia) has been declining over the past few decades. After all, colonialism is behind us, and surely…

Published: 13 Apr 2022 at 07:43hrs | | by Professor Jason Hickel

IMF notes show no appetite for reform

The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose by 6.3% in 2021 on the back of above nor…

Published: 12 Apr 2022 at 16:50hrs | 3 | by Victor Bhoroma

Zimbabwe to draw US$145 million IMF funds

SOME US$145 million from the US$960 million Special Drawing Rights released by the International Monetary Fund last year to cushion member States against the effects of the Covid-19 pandemic will be drawn down by Government this year with …

Published: 06 Apr 2022 at 06:24hrs | | by Staff reporter

IMF notes show no appetite for reform

The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose by 6.3% in 2021 on the back of above nor…

Published: 01 Apr 2022 at 12:34hrs | | by Victor Bhoroma

US$1bn SDRs to be used over three years

The US$958 million worth of Special Drawing Rights (SDRs) allocated to Zimbabwe by the International Monetary Fund (IMF) will be used over a three-year period, with US$311 million expected to be released this year, Finance and Economic Dev…

Published: 28 Nov 2021 at 07:48hrs | 9 | by Staff reporter

IMF freezes funds for Afghanistan over political uncertainty

The International Monetary Fund (IMF) has put on hold funds to Afghanistan amid the rising uncertainty in the country.These developments came after IMF recently announced a $650 billion Special Drawing Rights (SDR) allocation for member co…

Published: 08 Nov 2021 at 14:12hrs | 12 | by Agencies

Biti caution govt over IMF windfall

ZIMBABWE'S former Finance ministers Herbert Murerwa and Tendai Biti have warned the government against using the recent US$961 million worth of special drawing rights (SDRs) from the International Monetary Fund (IMF) on recurrent expenditu…

Published: 10 Sep 2021 at 07:39hrs | 2 | by Staff reporter

Will the IMF US$961m windfall rescue Zimbabwe?

According to the International Monetary Fund (IMF), Covid-19 has caused substantial long-term global macroeconomic environment change, and the pandemic inflicted long-term scars on the global economy.It weakened external positions in many …

Published: 05 Sep 2021 at 07:04hrs | 1 | by Learnmore Nyamudzanga

IMF SDR release puts Biti in his place

IN April 2021, the International Monetary Fund's Catastrophe Containment and Relief Trust (CCRT) granted debt relief to the 28 poorest and most vulnerable countries hit by catastrophic natural disasters or public health disasters including…

Published: 05 Sep 2021 at 06:53hrs | 3 | by Nobleman Runyanga

'Top bankers assigned to guard Zimbabwe's IMF windfall'

Finance Minister Mthuli Ncube laid out a solid spending plan for the US$961 million recently injected by the International Monetary Fund (iMF), saying the windfall would be guarded by three top bankers, who will report to President Emmerso…

Published: 03 Sep 2021 at 07:01hrs | 3 | by Staff reporter

Biti's efforts to block IMF from giving Zimbabwe funds failed

Despite MDC-Alliance vice president Tendai Biti's efforts to block the International Monetary Fund (IMF) from giving Zimbabwe nearly US$1 billion in Special Drawing Rights (SDRs), the Government of Zimbabwe recently confirmed receiving the…

Published: 26 Aug 2021 at 17:45hrs | | by Staff Reporter

Tendai Biti's letter to World Bank on Zimbabwe COVID-19 aid

In May 2020, the World Bank dipped into a special health fund to provide US$7 million to Zimbabwe to help the country fight the spread of coronavirus.The US$7 million is made up of US$5 million from the World Bank's Global Financing Facili…

Published: 24 Jan 2021 at 09:09hrs | 11 | by Staff reporter

New restaurant opens in Bulawayo

Check out this unique new establishment, The Good Place Restaurant, situated downtown of Bulawayo, offering a coterie of dishes that include western and traditional African menu.The restaurant opened up its doors to the public on Friday 11…

Published: 18 Dec 2020 at 11:38hrs | | by Jamela

What the latest IMF report on Zimbabwe means

In the report, the International Monetary Fund (IMF) acknowledges the commitment by President Emmerson Mnangagwa's government to stabilise Zimbabwe's economy.The fund also reveals that the IMF-Zimbabwe Staff Monitored Programme (SMP) - whi…

Published: 05 Jun 2019 at 08:01hrs | | by newZWire

MDC against IMF's support for Zimbabwe

The proposed IMF Staff Monitored Program is an entry point for full support of the regime and it ignores the factors arresting the Zimbabwean economy. Zimbabwe has had a stolen election; it was disputed by most players including the b…

Published: 13 Apr 2019 at 15:56hrs | 1 | by Jacob Mafume

Zanu-PF a sanctuary for thieves

If one is a convicted  felony and wants to start on a new page then Zanu PF is the right place to go. Dexter Nduna's moment of revelation that he killed many people is enough to have him questioned by the police.Zanu PF has always pro…

Published: 15 Feb 2019 at 14:15hrs | 4 | by AT Kadada

IMF's discredited economic template will cripple Zimbabwe

NEW Finance minister Mthuli Ncube and the government, in general, have swallowed the myths of foreign aid, investment and the International Monetary Fund (IMF) as solutions to Zimbabwe's economic problems.If this matter is not exposed and …

Published: 19 Oct 2018 at 08:43hrs | 3 | by David Barber and Tendai R Mbofana

Foreign investment and the IMF will cripple Zimbabweans

Our government and the new Finance Minister have swallowed the myths of foreign aid, investment and the IMF as solutions to Zimbabwe's economic problems. And, unless these are exposed, Zimbabwean citizens will continue to be in the morass …

Published: 16 Oct 2018 at 12:48hrs | | by David Barber and Tendai Ruben Mbofana

UK to support Zimbabwe IMF programme

Britain will support Zimbabwe to get on an interim IMF staff programme to help the country quickly clear its foreign arrears, Britain's ambassador in Harare said on Tuesday. Clearing the $1.8 billion arrears to the World Bank and AfDB is s…

Published: 19 Sep 2018 at 07:37hrs | 9 | by Staff reporter

UK in Zimbabwe: From tragedy to farce

A poetic clichÃ© by Karl Marx which claims that in the life of nations "history repeats itself, first as a tragedy, second as a farce" does not only keep gaining new meanings for all countries but at the present moment it particularly hold…

Published: 28 May 2018 at 16:05hrs | 2 | by Dinizulu Mbikokayise Macaphulana

Zimbabwe is open for business - a reality

The Zimbabwe is open for business ellipsis seems to have grappled the rest of the world as investment keeps pouring into the country, with Zimbabwe raking in a record-breaking US $11 billion dollars in foreign investment in the past four m…

Published: 11 May 2018 at 22:14hrs | 19 | by Daphine Zulu

Believing in our economy, in their billions

Sometimes it takes an outsider to look at a situation in a neutral, dispassionate and unemotional manner. They can wade through conflicting emotions to see what is happening in a given situation far better sometimes than those who experien…

Published: 02 May 2018 at 09:10hrs | 1 | by Faith Hope

Commodity prices crash hits Africa

Volatile global financial markets and weaknesses in global growth to blame Just three years ago, most of the world's fastest-growing economies were in Africa, among them Angola, Chad, Ethiopia, Mozambique, Nigeria, Rwanda and Sierra Leone.…

Published: 13 Jan 2017 at 21:52hrs | | by Kingsley Ighobor

As the end of the road nears for Mugabe regime, IMF must resist prolonging our suffering

Robert Mugabe's regime has reached the end. Out of money, out of friends, imploding from within - freedom beckons for Zimbabwe. The IMF's proposed plan to loan Mugabe money is a lifeline that will prolong our suffering and reverse our bid …

Published: 14 Sep 2016 at 16:56hrs | 1 | by Patson Dzamara

Zimbabwe is not the same with Rhodesia

British ambassador to Zimbabwe, Catriona Laing has no agenda when she says Zimbabwe is not off the hook. She was saying the obvious thing as she repeated this at the SAPES meeting held recently.Comparing Zimbabwe with Rhodesia is day dream…

Published: 04 Aug 2016 at 15:02hrs | 1 | by Stewart Murewa

IMF sincerity questionable

Zimbabwe urgently needs financial injection to halt the economic downturn which has haunted the country for over a decade. Whilst government of Zimbabwe has been running around to settle US$1,8 billion arrears with international financial …

Published: 21 Jul 2016 at 10:35hrs | | by Susan Chipanga

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Second International Airport for Harare

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Glynnis Breytenbach's moral high ground crumbles

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BREAKING: Nkulumane MP dies in elephant accident

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Wreckage of the vehicle that MP Moyo lost his life in

Chiwenga puts corrupt govt officials on notice

Chivayo takes aim at Mutodi

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Corpse's shoes stolen at funeral parlour

Chiwenga's only option is to rolling the tanks as he did in 2017

Mnangagwa in shock appointments

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