Articles tagged 'staff monitored programme'

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. ...
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...
IMF extends Zim monitoring programme 13 January 2014 HARARE - The International Monetary Fund (IMF) has extended Zimbabwe’s Staff Monitored Programme (SMP) by six months following Finance minister Patrick Chinamasa’s request when he visited Washington last October. The global lender said the extension was necessary “to allow time for the nationa...
IMF programmes key for recovery 8 November 2013 HARARE - Zimbabwe's government is grappling with a myriad of problems to try and turnaround the flagging economy. While it remains a huge challenge to unlock funds and instil confidence for immediate injection of the much-needed cash into the stuttering economy, there is need for government to...
IMF plan may relieve Zim: AfDB 5 November 2013 HARARE - Full implementation of the International Monetary Fund (IMF)'s Staff Monitored Programme (SMP) in Zimbabwe will help reduce the country's indebtedness, the African Development Bank (AfDB) says. The regional institution said, in its September 2013 monthly economic review, that adoption...