{
  "title": "Zimbabwe: 2000 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; Statement by the Executive Director for Zimbabwe and Statement by the Authorities of Zimbabwe",
  "publication": "IMF Staff Country Reports, January 8, 2001",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/zimbabwe-2000-article-iv-consultation-staff-report-staff-supplement-public-information-notice-3874",
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  "summary": "Fiscal profligacy, an erosion of competitiveness, and governance problems have undermined investor confidence and curtailed access to foreign financing in Zimbabwe.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Fiscal profligacy, an erosion of competitiveness, and governance problems have undermined investor confidence and curtailed access to foreign financing in Zimbabwe.\n- The new economic team has taken steps in devaluing the currency and raising the awareness of public opinion about the size of the fiscal deficit and its root causes.\n- Steadfast implementation of strong policies, backed by a broad domestic consensus, will help restore Zimbabwe's status as an anchor of stability and prosperity in southern Africa over the medium term."
    },
    {
      "heading": "Key findings and themes",
      "content": "- Fiscal profligacy is a central contributor to economic instability in Zimbabwe.\n- Loss of competitiveness has weakened external viability and investor confidence.\n- Governance problems have further curtailed access to foreign financing.\n- Policy measures already taken include devaluing the currency and publicizing the fiscal deficit and its root causes."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Implement strong policies consistently to restore investor confidence.\n- Build a broad domestic consensus to support policy implementation over the medium term.\n- Address fiscal deficits transparently to improve public awareness and credibility."
    },
    {
      "heading": "Subject classifications and keywords",
      "content": "- Subject: Arrears, Banking, Budget planning and preparation, Credit, Economic sectors, External debt, Foreign exchange, Health, HIV and AIDS, Public sector\n- Keywords: Africa, Arrears, authorities' hope, authority, CR, deficit, government, HIV and AIDS, ISCR, land reform, land resettlement program, Public sector, Southern Africa, Staff comment, Zimbabwean authorities\n\n---\n\n Content in this bundle\n\n- cr0105\n  - cr0105 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0105 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: January 8, 2001",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451841428.002",
    "Fiscal profligacy, an erosion of competitiveness, and governance problems have undermined investor confidence and curtailed access to foreign financing in Zimbabwe.",
    "The new economic team has taken steps in devaluing the currency and raising the awareness of public opinion about the size of the fiscal deficit and its root causes.",
    "Steadfast implementation of strong policies, backed by a broad domestic consensus, will help restore Zimbabwe's status as an anchor of stability and prosperity in southern Africa over the medium term.",
    "Fiscal profligacy is a central contributor to economic instability in Zimbabwe.",
    "Loss of competitiveness has weakened external viability and investor confidence.",
    "Governance problems have further curtailed access to foreign financing.",
    "Policy measures already taken include devaluing the currency and publicizing the fiscal deficit and its root causes.",
    "Implement strong policies consistently to restore investor confidence.",
    "Build a broad domestic consensus to support policy implementation over the medium term.",
    "Address fiscal deficits transparently to improve public awareness and credibility.",
    "Subject: Arrears, Banking, Budget planning and preparation, Credit, Economic sectors, External debt, Foreign exchange, Health, HIV and AIDS, Public sector",
    "Keywords: Africa, Arrears, authorities' hope, authority, CR, deficit, government, HIV and AIDS, ISCR, land reform, land resettlement program, Public sector, Southern Africa, Staff comment, Zimbabwean authorities",
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