Africa-Press – Zimbabwe. HARARE, Nov. 7 (NewsDay Live) — Zimbabwe’s economy is rebounding faster than expected in 2025, buoyed by higher gold prices, a recovery in agriculture and lower inflation, the International Monetary Fund (IMF) has said after its latest visit.
The IMF team, led by Wojciech Maliszewski, visited Zimbabwe from October 29 to November 5 as part of its regular engagement with the government and other stakeholders.
“Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated, given the rebound in agriculture and solid performances in mining, while inflation has continued to significantly ease, supported by a stable foreign exchange rate. The economy is expected to maintain strong momentum in 2026,” Maliszewski said in a statement released Thursday Nov 6.
“Discussions in Harare focused on enhancing fiscal discipline in the 2026 budget framework by aligning expenditures with revenues and available non-inflationary financing sources, while avoiding the accumulation of expenditure arrears.
“In this context, adopting credible revenue projections supported by concrete policy and administrative tax measures for 2026, and strengthening expenditure management, would help enhance fiscal resilience and the management of fiscal risks and pressures.”
Last month, the IMF said Zimbabwe’s economy was expected to grow 6% this year and the current account surplus to widen, both driven by a good agricultural season, record-high gold prices, and sustained remittance inflows.
Zimbabwe has also previously requested a Staff-Monitored Programme — a non-financial agreement that monitors a country’s progress in implementing a set of economic and financial policies to create a foundation for future financial support — to build a track record of economic policies, stabilise its economy, and re-engage with the international community.
“In the context of the requested Staff-Monitored Programme, IMF staff stand ready to resume discussions upon progress towards addressing key policy issues highlighted in the Article IV consultations, including aligning the 2026 budget with the objective of sustaining macroeconomic stability,” said Maliszewski.
During the visit, Maliszewski said IMF staff met with Finance, Economic Development and Investment Promotion minister Mthuli Ncube, the governor of the Reserve Bank of Zimbabwe, John Mushayavanhu, and other stakeholders.
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