## 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](https://www.imf.org/en/publications/cr/issues/2026/08/07/zimbabwe-first-review-under-the-staff-monitored-program-press-release-and-staff-report-578645)

## Other formats

- [Markdown version](/en/publications/cr/issues/2026/08/07/zimbabwe-first-review-under-the-staff-monitored-program-press-release-and-staff-report-578645/index.md)
- [Structured JSON version](/en/publications/cr/issues/2026/08/07/zimbabwe-first-review-under-the-staff-monitored-program-press-release-and-staff-report-578645/index.json)
- [Bundle manifest](/en/publications/cr/issues/2026/08/07/zimbabwe-first-review-under-the-staff-monitored-program-press-release-and-staff-report-578645/bundle-manifest.json)

## 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**
  - [1zweea2026002 (Markdown version)](/-/media/files/publications/cr/2026/english/1zweea2026002.pdf.md){rel="alternate" type="text/markdown"}
  - [1zweea2026002 (PDF)](/-/media/files/publications/cr/2026/english/1zweea2026002.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2026/08/07/zimbabwe-first-review-under-the-staff-monitored-program-press-release-and-staff-report-578645_