## 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](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)

## Other formats

- [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)
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## Bibliographic details
- Published: October 2, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229025607.002

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### 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

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## Content in this bundle

- **1. Selected Economic Indicators, 2022–30**
  - [1. Selected Economic Indicators, 2022–30 (Markdown version)](/-/media/files/publications/cr/2025/english/1zweea2025001-source-pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [1. Selected Economic Indicators, 2022–30 (PDF)](/-/media/files/publications/cr/2025/english/1zweea2025001-source-pdf.pdf){rel="external" type="application/pdf"}

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_Source: 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_