IMF commends Zimbabwe

THE International Monetary Fund (IMF) has commended the Zimbabwe government for making great strides towards implementation of macro-economic and structural reform programmes despite the economic and financial difficulties being experienced in the country.

In a statement on Tuesday, IMF said Zimbabwe had made a lot of progress in implementing the macroeconomic and structural reform programmes, particularly regarding clarifying the indigenisation policy, restoring investor confidence, improving financial sector soundness and strengthening public finance management.

“The authorities have stepped up their re-engagement with creditors, including increasing payments to the World Bank and the African Development Bank,” IMF said.

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