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IMF Mission Engages Mnangagwa as Consultations Begin

1 day ago

HARARE President Emmerson Mnangagwa this afternoon received a delegation from the International Monetary Fund IMF at State House marking a significant engagement in Zimbabwes ongoing economic reform and reengagement efforts The visiting team led by IMF Mission Chief Mr Wojciech Maliszewski is in the country to conduct an Article IV Mission which officially commenced on June 4th and is scheduled to run until June 18th Article IV consultations are a routine and comprehensive assessment conducted by the IMF to evaluate a member countrys economic and financial health These engagements provide a platform for frank dialogue between the Fund and the host government on economic policies fiscal frameworks and structural reforms The courtesy call on the President is part of broader consultative meetings that the IMF team will hold with senior government officials Reserve Bank of Zimbabwe RBZ executives representatives from the Ministry of Finance and Economic Development as well as private sector stakeholders and development partners Speaking after the meeting Presidential spokesperson George Charamba said the President welcomed the IMFs continued interest in Zimbabwes economic trajectory and reaffirmed the governments commitment to implementing sound economic policies that foster growth macroeconomic stability and inclusive development The IMF visit comes at a time when Zimbabwe is pursuing a raft of economic reforms under the National Development Strategy 1 NDS1 aimed at stabilising the macroeconomic environment improving the business climate and attracting foreign direct investment Zimbabwe remains ineligible for IMF lending due to external debt arrears but maintains regular engagement through technical assistance and surveillance Analysts say the outcome of the Article IV Mission could influence future decisions regarding Zimbabwes economic relations with international financial institutions and creditors The IMF is expected to issue a comprehensive report at the conclusion of the mission highlighting its findings policy recommendations and the overall outlook for Zimbabwes economy

Staff Reporter United States

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