The IMF first review mission under the 10-month Staff-Monitored Programme (SMP) is in Zimbabwe to assess progress on agreed quantitative targets and structural benchmarks.
Finance minister Mthuli Ncube briefed the delegation – led by Mission Chief, Wojciech Maliszewski – on recent economic developments and progress in mobilising support for arrears clearance and bridge financing, including the African Development Bank’s US$150 million facility.
“These reforms are aimed at strengthening economic confidence, improving public sector management, and safeguarding priority social spending,” the Ministry of Finance and Economic Development said on X.
The Finance ministry said the quantitative framework is meant to ensure prudent fiscal management, monetary discipline, foreign exchange reforms, public financial management and social protection.
“Government and the IMF reaffirmed their shared commitment to economic stability, fiscal discipline, transparency, arrears clearance, debt restructuring, and international re-engagement in a 10-month SMP that ends in September this year,” it said.