Zimbabwe Third Review Under the Staff-Monitored Program and Successor Staff-Monitored Program

This paper discusses Zimbabwe’s Third Review Under the Staff-Monitored Program (SMP) and the successor SMP. Zimbabwe has succeeded in keeping macroeconomic conditions relatively stable, despite difficult political and economic circumstances. In particular, the precarious external position improved s...

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Bibliographic Details
Corporate Author: International Monetary Fund African Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Zimbabwe 
653 |a International finance 
653 |a Fiscal stance 
653 |a Depository Institutions 
653 |a Revenue administration 
653 |a Banks 
653 |a Public finance & taxation 
653 |a Banks and banking 
653 |a Debt Management 
653 |a Debts, Public 
653 |a Fiscal Policy 
653 |a Micro Finance Institutions 
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653 |a International Lending and Debt Problems 
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653 |a Sovereign Debt 
653 |a Taxation, Subsidies, and Revenue: General 
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520 |a This paper discusses Zimbabwe’s Third Review Under the Staff-Monitored Program (SMP) and the successor SMP. Zimbabwe has succeeded in keeping macroeconomic conditions relatively stable, despite difficult political and economic circumstances. In particular, the precarious external position improved somewhat, with higher international reserves and a projected lower current account deficit in 2014. The SMP will cover a 15-month period, October 2014 through December 2015, and will be monitored based on quantitative targets and structural benchmarks. The IMF staff welcomes the authorities’ intention to continue to seek financing through grants or loans that are as concessional as possible, and to limit contracting nonconcessional loans within the ceilings set under the program