By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser. The seal of the International Monetary Fund (IMF) is seen in Washington, D.C., January 26, 2022. /CFP The International Monetary Fund (IMF) announced Tuesday that it reached a staff-level agreement with Zimbabwe on the first review of its 10-month Staff-Monitored Program, marking a further step in the country's efforts to restore macroeconomic stability, clear external arrears and re-engage with international creditors. The IMF said implementation of the programme through the end of March was broadly satisfactory. All quantitative targets and structural benchmarks were met, including those on the primary budget balance, international reserves, Reserve Bank of Zimbabwe lending to the public sector, new external borrowing and growth of the ZiG monetary base. The only target not met was protected social and priority spending. The staff-level agreement followed an IMF mission to Harare from June 9 to June 18 and is subject to approval by IMF management.
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