Zimbabwe and the IMF

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Resident Representative for Zimbabwe Carlos Caceres 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.

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On March 15, 2023, the Executive Board of the International Monetary Fund (IMF) concluded the 2023 Article IV consultation with Zimbabwe.

Under Article IV of its Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members in order to ensure the effective operation of the international monetary system. The IMF’s appraisal of such policies involves a comprehensive analysis of the general economic situation and policy strategy of each member country. IMF economists visit the member country, usually once a year, to collect and analyze data and hold discussions with government and central bank officials. Upon its return, the staff submits a report to the IMF’s Executive Board for discussion. The Board’s views are subsequently summarized and transmitted to the country’s authorities.

The authorities need more time to consider the publication of the staff report.

The last Article IV Executive Board Consultation was on March 15, 2023. Listed below are items related to Zimbabwe.