IMF -- Resident Representative Office in Zimbabwe

IMF Office in Zimbabwe

Resident Representative for Zimbabwe

Carlos E. Caceres

Resident Representative

Office Information

12th FloorZB Life TowersCorner Jason Moyo Avenue and Sam Nujoma StreetHarare

Tel: +263 4 251251
Fax: +263 4 251254
Email: RR-ZWE@imf.org

Carlos E. Caceres , Resident Representative: Dr. Carlos E. Caceres is the Resident Representative for the International Monetary Fund in Zimbabwe. Dr. Caceres joined the International Monetary Fund in 2009 and has worked in the African, European, Western Hemisphere, Monetary and Capital Markets, Middle East and Central Asia, and Fiscal Affairs Departments. His country experiences at the IMF include Armenia, Bolivia, Bosnia & Herzegovina, Republic of Congo, Germany, India, Moldova, Poland, South Africa, Switzerland, the United States, Uzbekistan, and Vietnam. Before joining the Fund, Dr. Caceres worked at the European Investment Bank, Morgan Stanley and the World Bank. He holds a PhD in Economics from Oxford University, an MPhil in Economics also from Oxford University and a MEng in Engineering with Business-Finance from the University College London and London School of Economics.
Petronella Chishawa, Economist: Petronella Chishawa is the local economist. She joined the office in November 2014. Prior to joining the IMF’s local office, she was serving the Government of Zimbabwe as a Principal Economist at the Ministry of Finance and Economic Development where she worked for 9 years. She has a MSc. Degree in international trade policy and trade law and a Post Graduate Diploma in international trade policy and law from Lund University, Sweden and a BSc. Honors’ Degree in economics from the University of Zimbabwe.
James Rusike, Office Driver: James Rusike is the driver in the IMF’s local office. He joined the IMF in 2016 and worked for the government prior to that. He started his career as a pool driver, and was a VIP driver in various government offices for 8 years.
Beatrice Banda, Administrative Assistant: Beatrice Banda is the administrative assistant. She joined the IMF’s local office in September 2014. Prior to that she worked 11 years as an administrator / office manager in the private sector where she gained a wealth of experience. She is currently pursuing a Chartered Institute of Secretaries (CIS) qualification.

Useful Information

Videos

Press Conference: Regional Economic Outlook for Sub-Saharan Africa.
Abebe Aemro Selassie, Director,
African Department, IMF
October 13, 2023

Available on the IMF iPad App

Publications

More Publications

This web page presents information about the work of the IMF in Zimbabwe, including the activities of the IMF Resident Representative Office. Additional information can be found on the Zimbabwe and IMF country page, including IMF reports and Executive Board documents that deal with Zimbabwe.

Zimbabwe and the IMF Country Page

At a Glance
Office Activities

IMF's Work on Zimbabwe
Fraudulent Scam Emails Using the Name of the IMF

At a Glance

Current IMF membership: 190 countries
Zimbabwe joined the Fund on February 3, 1995
Total Quota: SDR 706.80 Million
Loans outstanding: None
Last Article IV Consultation: The Article IV consultation staff report was discussed by the Executive Board on February 24, 2020 (Country Report No. 20/82).

Office Activities

Special Drawing Rights Presentation

General SDR allocations are made to IMF members that are participants in the SDR department (currently all IMF members) in proportion to their IMF quota shares.

May 12, 2021
SSA REO Outreach Presentation Navigating a Long Pandemic May 2021

Despite turning out better than expected, growth in 2020 is estimated to be the worst on record, at –1.9 percent, leading to a large increase in poverty. In 2021, the region’s economy is expected to resume expansion at 3.4 percent, weaker than the 6 percent for the rest of the world, amid a continued lack of access to vaccines and limited policy space to support the crisis response and recovery.

May 5, 2021
Covid-19 has compounded Africa's economic woes

In-Depth Interview with Patrick Imam

December 4, 2020
REO Outreach Presentation - A Difficult Road to Recovery

November 30, 2020
Zimbabwe: Economic Outlook and SMP Performance

Presentation

March 16, 2020

IMF's Work on Zimbabwe

IMF Staff Concludes Staff Visit to Zimbabwe

October 25, 2023

An International Monetary Fund (IMF) staff team led by Wojciech Maliszewski conducted a staff visit in Harare during October 18–25, 2023 to discuss recent economic developments and the economic outlook.
Zimbabwe: Technical Assistance Report—FSSR Follow up Technical Assistance—Implementation of the Basel II/III Capital Framework

October 19, 2023

Series:Country Report No. 2023/351
Zimbabwe: Technical Assistance Report—Financial Soundness Indicators Statistics Mission

October 19, 2023

Series:Country Report No. 2023/353
Zimbabwe: FSSR Follow Up Technical Assistance—Implementation of the Basel II/III Capital Framework

October 17, 2023

Author/Editor:Paula Cristina Seixas de Oliveira | João Luis Resende
Series:High Level Summary Technical Assistance Report No. 2023/014
Economic Growth in Sub-Saharan Africa Could Permanently Decline if Geopolitical Tensions Escalate

May 1, 2023

Countries will need to build resilience to manage the inevitable shifts in trade and foreign direct investment.

Regional Economic Outlook

October 10, 2023

LIGHT ON THE HORIZON?

Still emerging from the COVID-19 pandemic, countries in sub-Saharan Africa have been hit by a sluggish global economy, worldwide inflation, high borrowing costs, and a cost-of-living crisis. In many cases, inflation is still too high, borrowing costs are still elevated, exchange-rate pressures persist, and political instability is an ongoing concern. To ensure that the coming rebound is more than just a transitory glimpse of sunshine, it is important for authorities to guard against a premature relaxation of stabilization policies, while also focusing on reforms to both claw back lost ground from the four-year crisis and also to create new space to address the region’s pressing development needs.

Read the Report

Fraudulent Scam Emails Using the Name of the IMF

We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.
For more information please see Fraudulent Scam Emails Using the Name of the IMF

Departmental Papers on Africa

The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.

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