Zimbabwe: 2001 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; Statement by the Executive Director for Zimbabwe and Statement by the Authorities of Zimbabwe
IMF Staff Country Reports, June 25, 2002
Source details
- Canonical URL
- Zimbabwe: 2001 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; Statement by the Executive Director for Zimbabwe and Statement by the Authorities of Zimbabwe
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Bibliographic details
- Published: June 25, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451841435.002
Summary and key findings
- The 2001 Article IV Consultation highlights that Zimbabwe’s economic crisis has continued to deepen.
- The deterioration has mainly been the result of inappropriate macroeconomic policies and a general breakdown in the rule of law in the context of the government’s fast-track land reform program launched in early 2000.
- This deterioration has undermined investor confidence, contributed to the rise in unemployment, destroyed capital, and eroded institutions important for economic development, thereby darkening the longer-term outlook.
- Real GDP is projected to contract by 8½ percent in 2001.
Main themes and subject areas
- Arrears
- Banking
- Credit
- External debt
- Foreign exchange
- Inflation
- Money
- Prices
Context and contributing factors (as identified in the report)
- Inappropriate macroeconomic policies.
- General breakdown in the rule of law associated with the fast-track land reform program launched in early 2000.
- Consequences cited: undermined investor confidence, rise in unemployment, destruction of capital, erosion of institutions important for economic development.
Publication and metadata
- Pages: 80
- Volume: 2002
- Issue: 125
- Series: Country Report No. 2002/125
- DOI: https://doi.org/10.5089/9781451841435.002
- Stock No: 1ZWEEA0012002
- ISBN: 9781451841435
- ISSN: 1934-7685
- Publication date on landing page: June 25, 2002
- Format noted: IMF Staff Country Reports
Source: Zimbabwe: 2001 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; Statement by the Executive Director for Zimbabwe and Statement by the Authorities of Zimbabwe (IMF Staff Country Reports, 2002, No. 2002/125).