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: REO
Abebe Aemro Selassie, Director,
African Department, IMF
April 14, 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

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.
Zimbabwe Implements the International Monetary Fund’s Enhanced General Data Dissemination System

March 14, 2023

With the successful launch of a new data portal, Zimbabwe has implemented a key recommendation of the IMF’s Enhanced General Data Dissemination System (e-GDDS) to publish essential macroeconomic and financial data. The e-GDDS is the first tier of the IMF Data Standards Initiatives that promote transparency as a global public good and encourage countries to voluntarily publish timely data that is essential for monitoring and analyzing economic performance.
Zimbabwe: Technical Assistance Report—Financial Sector Stability Review Consolidated Supervision

December 19, 2022

Series:Country Report No. 2022/379
IMF Staff Concludes Article IV Mission to Zimbabwe

December 15, 2022

IMF Staff Concludes Article IV Mission to Zimbabwe
IMF Staff Concludes Staff Visit to Zimbabwe

September 19, 2022

IMF Staff Concludes Staff Visit to Zimbabwe

Regional Economic Outlook

April 14, 2023

Growth in sub-Saharan Africa will decline to 3.6 percent this year. Amid a global slowdown, activity is expected to decelerate for a second year in a row. Still, this headline figure masks significant variation across the region. The funding squeeze will also impact the region’s longer-term outlook. A shortage of funding may force countries to reduce resources for critical development sectors like health, education, and infrastructure, weakening the region’s growth potential.
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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