The International Monetary Fund (IMF) and the African Development Bank (AfDB) have given the thumbs down to Zimbabwe’s economic reform programme, saying that the country needs to do more to get out of its quagmire. In a statement after concluding a visit to the country this week, the IMF said Zimbabwe is experiencing an economic and humanitarian crisis, with macro-economic stability a challenge. “The government that came to office following the 2018 elections adopted an agenda focused on macro-stabilisation and reforms. This was supported by a staff-monitored programme from the IMF, adopted in May 2019, but is now off-track as policy implementation has been mixed.” The AfDB said Zimbabwe needs to normalise its relations with development partners to unlock more substantive external resources to fund its reform agenda.
SOURCE: BUSINESS DAY LIVE
More Stories
Rukky Ladoja & Building a Responsible Nigerian Fashion Brand
How to Write About Africa: Collected Works’ Shows Binyavanga Wainaina’s Legacy
Amapiano to the World: The Next Cultural Shift in Mainstream Music
Feeling at Home at New York’s Contemporary African Art Fair
Mr. Eazi on African Music’s Role in Developing and Stimulating the Creative Economy
8 Lisbon Restaurants for Discovering the City’s African Diaspora
Silversea Cruises’ Extended Indian Ocean Island and Southern Africa Programme
Events Specifically Dedicated to Celebrating Black Music and Culture in Europe
Namibia Offers a Wealth of Experiences for Adventurous Travellers
Top Destinations to Visit in Africa
Establishing Manufacturing Nodes across the Continent and Leveraging on the AfCFTA
The Agritech Innovators Bringing Transformative Change to the Continent’s Green Economy