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Economy

Zimbabwe expects IMF programme in second half of year: Minister

Date: Apr 19, 2024

Zimbabwe is expecting to sign on to a new staff-monitored programme with the International Monetary Fund (IMF) in the second half of 2024, Finance Minister Mthuli Ncube said at a press conference this Friday.

The southern African country had said last year that it hoped to have an IMF programme agreed by April 2024, but that was delayed due to the introduction of a new currency this month.

“We have moved the (staff-monitored programme) to the third quarter due to the new currency. We should not rush these things,” Ncube said on the sidelines of the World Bank and IMF spring meetings in Washington.

--Reuters--