imf-logo.jpgThe International Monetary Fund says it will continue to maintain a close policy dialogue and provide targeted technical and financial assistance as well as regular visits to Zimbabwe.

 

An IMF Fact-finding mission recently concluded its visit to Zimbabwe and has issued a report outlining its findings and recommendations.

 

During the visit, the team, which was led by Mr Vitaliy Ramarenko, met with Prime Minister Morgan Tsvangirai, Finance Minister Tendai Biti, Economic Development Minister Elton Mangoma and Reserve Bank of Zimbabwe Governor, Dr Gideon Gono, as well as other senior government officials.

  

In his report, Mr Kramarenko said although the multi-currency system adopted last year helped restore economic stability, significant policy challenges still need to be addressed.

 

He said government should ensure sufficient budgetary allocations are made to critical infrastructure and social programs.

The report also said measures should be adopted to reduce risks in the banking system and to strengthen respect for property rights and labour markets.