Zimbabwe: Staff Monitored Program
July 3, 2013
Summary
This staff report for Zimbabwe highlights the key macroeconomic challenges of taking steps to improve fiscal and external sustainability and increase financial sector stability. Zimbabwe has made good progress in restoring macroeconomic stability since the end of hyperinflation in 2009, but the economic rebound is waning, and key challenges need to be tackled. Strong policies are needed to sustain the economic recovery, restore fiscal and external sustainability, and increase financial stability. This would place the economy on a long-term, sustained inclusive growth path. Implementation of indigenization and empowerment policies according to transparent rules, with due respect to property rights, remains essential to build investor confidence and attract needed foreign direct investment.
Subject: Arrears, Banking, Central banks, External debt, Financial sector policy and analysis, Financial sector stability, International reserves, Revenue administration
Keywords: Africa, Arrears, broad money, cash basis, clearance strategy, CR, cross arrears problem, debt stock, diamond valuator, Financial sector stability, Global, government Domestic Payment Arrears, International reserves, ISCR, monetary base, payment arrears, private sector, Zimbabwean authorities
Pages:
57
Volume:
2013
DOI:
Issue:
193
Series:
Country Report No. 2013/193
Stock No:
1ZWEEA2013001
ISBN:
9781475539578
ISSN:
1934-7685





