Zimbabwe: First Review under the Staff-Monitored Program-Press Release; and Staff Report
IMF Staff Country Reports, August 7, 2026
Source details
- Canonical URL
- Zimbabwe: First Review under the Staff-Monitored Program-Press Release; and Staff Report
Other formats
Bibliographic details
- Published: August 7, 2026
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229057264.002
Summary
- Zimbabwe has continued to consolidate stabilization gains under the Staff-Monitored Program (SMP) despite external shocks.
- Growth strengthened in 2025 and momentum continued in 2026, supported by mining, still-elevated gold prices, and a strong agricultural rebound.
- Inflation has remained low, the exchange rate broadly stable, and the current account robust, providing a window to strengthen macroeconomic management, rebuild buffers, and advance reengagement toward arrears clearance and debt resolution.
Key macroeconomic developments and drivers
- Growth:
- Growth strengthened in 2025 and momentum continued in 2026.
- Principal drivers cited: mining, still-elevated gold prices, and a strong agricultural rebound.
- Prices and external sector:
- Inflation has remained low.
- The exchange rate has been broadly stable.
- The current account has been robust.
- Implications:
- The macroeconomic environment provides a window to strengthen macroeconomic management, rebuild buffers, and advance reengagement toward arrears clearance and debt resolution.
Subject areas and keywords
- Subject: Arrears, Commodities, External debt, Fiscal risks, Foreign exchange, Gold, Public debt, Public financial management (PFM)
- Keywords: Arrears, Fiscal risks, Gold
Publication and document metadata
- Publication date: August 7, 2026
- Pages: 63
- Volume: 2026
- Issue: 223
- Series: Country Report No. 2026/223
- DOI: https://doi.org/10.5089/9798229057264.002
- Stock No: 1ZWEEA2026002
- ISBN: 9798229057264
- ISSN: 1934-7685
International Monetary Fund. African Dept. "Zimbabwe: First Review under the Staff-Monitored Program-Press Release; and Staff Report", IMF Staff Country Reports 2026, 223 (2026), accessed 8/7/2026, https://doi.org/10.5089/9798229057264.002.
Content in this bundle
- 1zweea2026002