Bulawayo24 News - Skyes! "it makes perfect sense"

US lawmaker pushes Zimbabwe to repay white farmers

A US lawmaker has tabled legislation that seeks to block Zimbabwe from securing new funding from the International Monetary Fund and the World Bank until it pays the $3.5 billion it owes to White farmers whose land was confiscated more tha…

Published: 17 Sep 2025 at 09:35hrs | 119 | 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 | 468 | 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 | 840 | 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 | 72 | 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 | 2227 | 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 | 2 | 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 | 1164 | 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 | 980 | 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 | 609 | 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 | 324 | 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 | 107 | 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 | 104 | by Staff reporter

Zimbabwe, IMF talks underway

Zimbabwe has entered into preliminary discussions with the International Monetary Fund (IMF) for a new Staff-Monitored Programme (SMP), marking a significant step toward restoring the country's economic credibility, re-engaging with intern…

Published: 18 May 2025 at 11:51hrs | 172 | 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 | 148 | 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 hires Rothschild advisers over $21 Billion defaulted debt pile

Zimbabwe's government has hired financial and legal advisers to help it navigate potential talks with international creditors over the $21 billion it owes, according to people familiar with the matter.Paris-based boutique firm GSA & Co…

Published: 10 Oct 2024 at 12:22hrs | 553 | by Staff reporter

'Mutapa Investment Fund mustn't become conduit for looting'

AS prevalence of public sector corruption reaches alarming levels, the International Monetary Fund (IMF) has demanded that Zimbabwean authorities ensure the newly-established Mutapa Investment Fund (MIF)  - which inexplicably replaced…

Published: 11 Mar 2024 at 09:09hrs | 41 | by Staff reporter

IMF not ready to extend financial support to Zimbabwe

THE International Monetary Fund's (IMF) two-week-long high-level visit ended on Wednesday amid revelations that no financial support will be extended to Zimbabwe without authorities undertaking serious monetary and fiscal reforms.The visit…

Published: 15 Feb 2024 at 10:08hrs | 4 | by Staff reporter

Zimbabwe seeks to boost trade to bust sanctions

THERE is a need to increase trade with friendly countries as a strategy to counter illegal sanctions imposed on Zimbabwe by some powerful Western nations, President Mnangagwa said here yesterday after meeting executives from the world's le…

Published: 15 Feb 2024 at 10:02hrs | 2 | by Staff reporter

IMF advises Zimbabwe to adopt forex market reforms

As the instability of the beleaguered Zimbabwe dollar intensifies, the International Monetary Fund (IMF) has advised the government to adopt forex market reforms which are "more transparent and market-driven".  The IMF says the offici…

Published: 15 Feb 2024 at 10:01hrs | 3 | by Staff reporter

'Zimbabwe economic data questionable'

A team of technical experts from the International Monetary Fund (IMF) this week called into question the authenticity of economic data compiled by the Zimbabwe National Statistics Agency (Zimstat), raising questions about the accuracy of …

Published: 22 Dec 2023 at 18:14hrs | 19 | 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 | 2 | 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 | 3 | 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 | 4 | 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 | 2 | by Staff reporter

'Zanu PF is mortgaging Zimbabwe for a song!' complained Biti - true but who is facilitating looting

When Robert Mugabe and his Zanu PF got into power in 1980, he proclaimed mass prosperity, "Gutsa ruzhinji!", in Shona. He was convinced he would achieve that by spending, spending and spending.He built schools and hospitals for the ordinar…

Published: 25 Aug 2022 at 20:07hrs | 3 | by Wilbert Mukori

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 | 7 | 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 | 2 | by Staff reporter

IMF warns against Zimbabwe war veterans compensation

THE International Monetary Fund (IMF) has warned that the government's decision to compensate war veterans could have a major strain on the country's debt overhang.This comes after the government is planning to compensate more than 140 000…

Published: 27 May 2022 at 20:17hrs | 5 | by Staff reporter

Mudenda criticises Bretton Woods institutions

The Bretton Woods institutions have been slammed for punishing African countries that seek to control and exploit their natural resources for the benefit of their nationals.Speaker of the National Assembly Advocate Jacob Mudenda said made …

Published: 12 May 2022 at 06:26hrs | 5 | 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 | 236 | 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 | 3 | 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 | 16 | 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

Failure to compensate white farmers will result in Zimbabwe debt ballooning; IMF warns

ZIIMBABWE's failure to compensate white former farmers as per agreement will result in the country's public debt bulging, the International Monetary Fund (IMF) has warned.The Bretton woods institution also warned the Reserve Bank of Zimbab…

Published: 11 Apr 2022 at 07:56hrs | 5 | by Staff reporter

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 | 151 | 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 | 2 | 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 | 12 | 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 | 13 | 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 | 3 | 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 | 2 | 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 | 5 | 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 | 5 | by Staff reporter

Chamisa's MDC fears Zanu-PF will use IMF US$1 billion for 'electioneering'

Close to US$1 billion released to Zimbabwe by the International Monetary Fund (IMF) could be misused by the Zanu-PF government to finance its 2023 election campaign, the Movement for Democratic Change Alliance has warned.Zimbabwe last week…

Published: 30 Aug 2021 at 19:35hrs | 2 | 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

Zimbabwe to use IMF funds to support beleaguered Zimdollar

THE government will hold back $500m of the $961m IMF funds to support the currency which has plunged.Zimbabwe will use more than half of the $961 million allocated by the International Monetary Fund in the form of special drawing rights to…

Published: 25 Aug 2021 at 18:37hrs | 3 | by Staff reporter

Zimbabwe receives US$1bn IMF windfall today, Biti will cry

Zimbabwe is set to get an injection of around US$1 billion, its allocation of Special Drawing Rights (SDRs) from the International Monetary Fund (IMF) today, with part of the money earmarked for health, manufacturing, agriculture, educatio…

Published: 24 Aug 2021 at 06:30hrs | | 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 | 13 | 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 | 67 | by Jamela

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