An International Monetary Fund (IMF) team is Harare bound
to have a review of the country’s economic performance following the ushering
in of a new political dispensation as efforts to normalise ties with Zimbabwe
gather momentum.
The team which will be in the country for its Article Four
consultations in March is expected to meet government officials in the ministry
of finance, central bank officials and industry representatives among others.
Official government sources confirmed this Monday the
Harare-bound IMF team will also be seeking to assess the reforms being
instituted to restore business confidence, focus on banking sector stability,
fiscal policies among others.
With Zimbabwe being in need of fresh capital injection, it
is also being expected that the visit
will provide an opportunity for the government to table proposals to clear
debts while getting money, according to the sources.
The International Finance Corporation (IFC), a private
sector investment arm of the IMF is also being expected to resume credit lines
lending to local companies after a more than decade absence on local investment
funding.
Last week, President Emmerson Mnangagwa was in Davos,
Switzerland where he met the towering figures in the global economy, amongst
them the IMF Managing Director Christine Lagarde.
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