Articles tagged 'smp'

Zim works on debt repayment 8 May 2016 HARARE - Finance minister Patrick Chinamasa says government is working on “necessary documentation” for the country to implement its $1,8 billion arrears clearance strategy, with multilateral institutions expected to meet in the second half to approve the strategy. The Treasury chief told the ...
Zim economy in precarious state: IMF 10 November 2014 HARARE - The International Monetary Fund (IMF) says Zimbabwe must consolidate its fiscal position and eliminate the primary budget deficit by end-2015 if the country hopes to revive its economy. In a statement released last week, the international financier said the southern African country’s ...
Zim finalises IMF programme 24 October 2014 HARARE - Zimbabwe has embarked on a third and final phase of the International Monetary Fund (IMF)’s Staff Monitored Programme (SMP). The country met quantitative targets and structural benchmarks set under the programme’s second stage, which ended in June. The final phase, 15 months long, ...
IMF team set for Zim 14 September 2014 HARARE - An International Monetary Fund (IMF) delegation is expected in Zimbabwe next week to assess the country’s progress on the staff monitored programme (SMP). Finance minister Patrick Chinamasa told Parliament that the team would be in the country from September 17 to October 1, 2014. ...
No, Cde President; it is smouldering! 22 July 2014 HARARE - President Robert Mugabe's statement that the economy is recovering is quite jarring. This is so because there is nothing on the ground which suggests the recovery which the Zanu PF leader referred to on Sunday. Instead, the economy is in a tailspin caused by a cocktail of problems ...
Repeal Indigenisation Act: Robertson 14 July 2014 HARARE - As Zimbabwe hurtles towards more economic problems, leading economist and journalist John Robertson believes President Robert Mugabe’s administration is running out of time to fix the economy. And with the country’s debt now pegged at $9,9 billion, prospects of relief appear too dista...
Time to take SMP seriously 10 July 2014 HARARE - Zimbabwe must take seriously the International Monetary Fund (IMF) administered Staff Monitoring Programme (SMP) if the country entertains any hopes of getting external funding and improving its high credit risk status. The IMF this week indicated that the southern African country mis...
Zim could miss IMF targets 27 March 2014 HARARE - Zimbabwe could for the second time miss the International Monetary Fund (IMF)’s Staff Monitored Programme (SMP) targets due to deteriorating economic conditions in the country. The hard-pressed country is currently implementing the recommended programme under which it is required to e...