{
  "title": "Zimbabwe: 2011 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Zimbabwe",
  "publication": "IMF Staff Country Reports, June 14, 2011",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/zimbabwe-2011-article-iv-consultation-staff-report-staff-supplement-public-information-24948",
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  "summary": "Stronger policies, favorable external environment, and notable improvement in the humanitarian situation supported a nascent economic recovery in Zimbabwe.",
  "publishDate": "2011-06-14",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Key findings and summary",
      "content": "- Stronger policies, a favorable external environment, and notable improvement in the humanitarian situation supported a nascent economic recovery in Zimbabwe.\n- Executive Directors welcomed the nascent recovery and urged authorities to take advantage of the favorable external environment to strengthen their macroeconomic framework.\n- Directors stressed the need to strengthen the fiscal position and expressed concern about rising vulnerabilities in the banking system.\n- Directors welcomed the authorities' strategy for arrears clearance.\n- Directors agreed that the Staff Monitored Program (SMP) would help establish a track record of sound policies.\n- Directors encouraged the authorities to continue timely data reporting."
    },
    {
      "heading": "Macroeconomic environment and recovery",
      "content": "- Recovery was supported by:\n  - Stronger policies.\n  - A favorable external environment.\n  - Notable improvement in the humanitarian situation.\n- The overall assessment emphasized the opportunity to consolidate macroeconomic stability by leveraging external conditions."
    },
    {
      "heading": "Fiscal position and banking sector vulnerabilities",
      "content": "- Authorities were urged to strengthen the fiscal position.\n- Directors expressed concern about rising vulnerabilities in the banking system, highlighting financial sector risks as a priority for policy action."
    },
    {
      "heading": "Arrears clearance and program arrangement",
      "content": "- Directors welcomed the authorities' strategy for arrears clearance.\n- The Staff Monitored Program (SMP) was endorsed as a mechanism to help establish a track record of sound policies."
    },
    {
      "heading": "Data reporting and transparency",
      "content": "- Directors encouraged the authorities to continue timely data reporting to support policy monitoring and program credibility.\n\n---\n\n Content in this bundle\n\n- cr11135\n  - cr11135 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr11135 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/zimbabwe-2011-article-iv-consultation-staff-report-staff-supplement-public-information-24948"
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    "Published: June 14, 2011",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455271481.002",
    "Stronger policies, a favorable external environment, and notable improvement in the humanitarian situation supported a nascent economic recovery in Zimbabwe.",
    "Executive Directors welcomed the nascent recovery and urged authorities to take advantage of the favorable external environment to strengthen their macroeconomic framework.",
    "Directors stressed the need to strengthen the fiscal position and expressed concern about rising vulnerabilities in the banking system.",
    "Directors welcomed the authorities' strategy for arrears clearance.",
    "Directors agreed that the Staff Monitored Program (SMP) would help establish a track record of sound policies.",
    "Directors encouraged the authorities to continue timely data reporting.",
    "Recovery was supported by:",
    "The overall assessment emphasized the opportunity to consolidate macroeconomic stability by leveraging external conditions.",
    "Authorities were urged to strengthen the fiscal position.",
    "Directors expressed concern about rising vulnerabilities in the banking system, highlighting financial sector risks as a priority for policy action.",
    "Directors welcomed the authorities' strategy for arrears clearance.",
    "The Staff Monitored Program (SMP) was endorsed as a mechanism to help establish a track record of sound policies.",
    "Directors encouraged the authorities to continue timely data reporting to support policy monitoring and program credibility.",
    "**_cr11135**"
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