Zimbabwe: Recent Economic Developments

May 7, 1996

Summary

This paper describes economic developments in Zimbabwe during the 1990s. The paper highlights that the path of the economy since 1990 has been dominated by the impact of the severe drought in 1992. Value added in the agricultural sector declined by 24 percent in 1992, but the impact of the drought reached much further into the economy. The recovery from the drought was led by a sharp rebound in agricultural production in 1993, which grew by 48.5 percent, boosted by an above-average harvest for maize and a recovery in tobacco production.

Subject: Agricultural commodities, Budget planning and preparation, Commodities, Economic sectors, Exports, Financial institutions, Foreign exchange, International trade, Public enterprises, Treasury bills and bonds

Keywords: Africa, Agricultural commodities, broad money, budget deficit, CR, exchange rate, Exports, foreign exchange, ISCR, monetary policy, private sector, Public enterprises, Southern Africa, treasury bill, Treasury bills and bonds

Pages:
93
Volume:
1996
DOI:
https://doi.org/10.5089/9781451841398.002
Issue:
033
Series:
Country Report No. 1996/033
Stock No:
1ZWEEA0011996
ISBN:
9781451841398
ISSN:
1934-7685

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Notes

This report was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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