{
  "title": "Zimbabwe: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zimbabwe",
  "publication": "IMF Staff Country Reports, October 2, 2025",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2025/10/02/zimbabwe-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-570887",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2025/10/02/zimbabwe-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-570887",
  "overlayPath": "/en/publications/cr/issues/2025/10/02/zimbabwe-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-570887/index.md",
  "summary": "After facing significant macroeconomic volatility in recent decades, Zimbabwe has recently experienced a degree of stability thanks to tighter policies.",
  "publishDate": "2025-10-02",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Overview / Recent developments",
      "content": "- After significant macroeconomic volatility in recent decades, Zimbabwe has recently experienced a degree of stability thanks to tighter policies.\n- The halting of quasi-fiscal operations and monetary financing by central bank have helped significantly reduce inflation and exchange rate pressures.\n- Growth has recovered as extreme weather shocks subsided, and terms-of-trade significantly improved."
    },
    {
      "heading": "Key findings",
      "content": "- Policy actions that stopped quasi-fiscal operations and monetary financing materially reduced inflation and exchange rate pressures.\n- Macroeconomic stabilization contributed to a recovery in growth, aided by subsiding extreme weather shocks and improved terms-of-trade."
    },
    {
      "heading": "Remaining challenges and vulnerabilities",
      "content": "- Fiscal financing pressures persist amid very limited access to official external financing.\n- Accumulation of domestic arrears continues to be a concern.\n- Low monetary policy credibility.\n- Highly dollarized monetary system.\n- Low reserve buffers.\n- Persistent gap between the official and parallel exchange rates.\n- Economic governance vulnerabilities."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subjects: Arrears, Debt sustainability analysis, External debt, Foreign exchange, Public debt\n- Keywords: Africa, anti-money laundering regime, Arrears, authorities' plan, Debt sustainability analysis, financing gap, financing pressure, Global, WBWS market, Zimbabwean authorities\n\n---\n\n Content in this bundle\n\n- 1. Selected Economic Indicators, 2022–30\n  - 1. Selected Economic Indicators, 2022–30 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1. Selected Economic Indicators, 2022–30 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2025/10/02/zimbabwe-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-570887"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2025/10/02/zimbabwe-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-570887/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2025/10/02/zimbabwe-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-570887/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2025/10/02/zimbabwe-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-570887/bundle-manifest.json)",
    "Published: October 2, 2025",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798229025607.002",
    "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.",
    "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.",
    "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: 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",
    "**1. Selected Economic Indicators, 2022–30**"
  ],
  "related": [
    {
      "title": "1. Selected Economic Indicators, 2022–30",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2025/english/1zweea2025001-source-pdf.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2025/english/1zweea2025001-source-pdf.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2025/english/1zweea2025001-source-pdf.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2025/10/02/zimbabwe-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-570887/index.md",
    "json": "/en/publications/cr/issues/2025/10/02/zimbabwe-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-570887/index.json",
    "bundleManifest": "/en/publications/cr/issues/2025/10/02/zimbabwe-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-570887/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-23T14:31:04.334Z"
}