Zimbabwe : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zimbabwe

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

July 7, 2017

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

In the 1990s, Zimbabwe was one of the most developed economies in Africa. While many of the country’s underlying strengths remain, some of its industrial and agricultural base has since eroded. The nominally dollarized economy now faces difficulties as diminishing net capital flows and an expansionary fiscal stance have generated an acute cash shortage that has prompted the use of quasi-currency instruments amid imposition of controls over capital and current account transactions. With reengagement with creditors delayed, access to external financing is limited, and the fiscal deficit is being financed by domestic borrowing at an unsustainable pace.

Series:

Country Report No. 17/196

Subject:

English

Publication Date:

July 7, 2017

ISBN/ISSN:

9781484308158/1934-7685

Stock No:

1ZWEEA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

81

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