IMF Staff Country Reports

Zimbabwe: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zimbabwe

October 2, 2025

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Format: Chicago

International Monetary Fund. African Dept. "Zimbabwe: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zimbabwe", IMF Staff Country Reports 2025, 282 (2025), accessed November 7, 2025, https://doi.org/10.5089/9798229025607.002

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Summary

After facing significant macroeconomic volatility in recent decades, Zimbabwe has recently experienced a degree of stability thanks to tighter policies. The halting of quasi-fiscal operations and monetary financing by central bank have helped significantly reduce inflation and exchange rate pressures. Growth has recovered as extreme weather shocks subsided, and terms-of-trade significantly improved. But challenges remain from fiscal financing pressures with very limited access to official external financing and the accumulation of domestic arrears, low monetary policy credibility, a highly dollarized monetary system, low reserve buffers, a persistent gap between the official and parallel exchange rates, and economic governance vulnerabilities.

Subject: Arrears, Debt sustainability analysis, External debt, Foreign exchange, Public debt

Keywords: Africa, Anti-money laundering regime, Arrears, Authorities' plan, Debt sustainability analysis, Financing gap, Financing pressure, Global, WBWS market, Zimbabwean authorities

Publication Details

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