The International Monetary Fund (IMF) has backed Zimbabwe’s budget and monetary policy reviews whose aim is to achieve a 3.7 growth rate by year end.
The recently unveiled annual budget and monetary policy review for Zimbabwe has also attracted the interest of the IMF.
While the global lender has set a 1.7 percent growth forecast for Zimbabwe’s economy, its resident representative Mr Christian Beddies recently told economic decision makers the fiscal and monetary reviews provide a tone for long term economic stable conditions.
With agriculture and mining projected to register positive rates, inflation set to end at two percent; what now remains to be seen is the commitment by treasury and monetary authorities in implementing the set objectives.
The IMF, while revealing its commitment to the re-engagement process with Zimbabwe, is also being called on to extend lines of credit to productive sectors of the economy.