Zimbabwe: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zimbabwe
IMF Staff Country Reports, October 2, 2025
Source details
- Canonical URL
- Zimbabwe: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zimbabwe
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Bibliographic details
- Published: October 2, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229025607.002
Overview / Recent developments
- After 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.
Key findings
- Policy actions that stopped quasi-fiscal operations and monetary financing materially reduced inflation and exchange rate pressures.
- Macroeconomic stabilization contributed to a recovery in growth, aided by subsiding extreme weather shocks and improved terms-of-trade.
Remaining challenges and vulnerabilities
- Fiscal financing pressures persist amid very limited access to official external financing.
- Accumulation of domestic arrears continues to be a concern.
- Low monetary policy credibility.
- Highly dollarized monetary system.
- Low reserve buffers.
- Persistent gap between the official and parallel exchange rates.
- Economic governance vulnerabilities.
Subjects and keywords
- Subjects: 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
Content in this bundle
- 1. Selected Economic Indicators, 2022–30