-
Zimbabwe’s
economic
rebound
in
2025
has
been
stronger
than
expected,
supported
by
a
recovery
in
agriculture,
solid
mining
performance,
and
easing
inflation
amid
exchange
rate
stability. -
Discussions
in
Harare
emphasized
the
importance
of
reinforcing
fiscal
discipline
in
the
2026
budget
by
aligning
expenditures
with
revenues
and
sustainable
financing
sources,
while
strengthening
expenditure
management.
Harare,
Zimbabwe: An
International
Monetary
Fund
(IMF)
staff
team,
led
by
Mr.
Wojciech
Maliszewski,
visited
Zimbabwe
from
October
29
to
November
5,
2025,
as
part
of
the
Fund’s
regular
engagement
with
the
Zimbabwean
authorities
and
other
stakeholders..
At
the
conclusion
of
the
visit,
Mr.
Maliszewski
issued
the
following
statement:
“The
IMF
mission
held
productive
discussions
with
the
Zimbabwean
authorities
on
recent
economic
developments
and
the
2026
budget
framework.
“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.
“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.
“In
the
context
of
the
requested
Staff
Monitored
Program,
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.”
“IMF
staff
met
with
the
Minister
of
Finance,
Economic
Development
and
Investment
Promotion,
Hon.
Mthuli
Ncube,
the
Governor
of
the
Reserve
Bank
of
Zimbabwe,
Dr.
John
Mushayavanhu,
and
their
respective
teams,
as
well
as
other
stakeholders.
The
IMF
team
wishes
to
express
its
sincere
appreciation
to
the
Zimbabwean
authorities
and
all
counterparts
for
their
warm
hospitality,
open
dialogue,
and
excellent
cooperation
throughout
the
mission.”
IMF
Communications
Department
Post
published
in:
Business