| Description |
1 online resource (83 pages) : color illustrations, color map |
| Series |
IMF country report ; no. 14/202 |
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IMF country report ; no. 14/202.
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| Contents |
Cover; CONTENTS; BACKGROUND AND RECENT DEVELOPMENTS; PERFORMANCE UNDER THE SMP; OUTLOOK AND RISKS; BOX; 1. Deflation Risks; RESTORING FISCAL SUSTAINABILITY AND ADVANCING THE FISCAL REFORM AGENDA; REDUCING FINANCIAL SECTOR VULNERABILITIES; RESOLVING EXTERNAL PAYMENTS ARREARS, RESTORING EXTERNAL SUSTAINABILITY AND COMPETITIVENESS; UNLOCKING POTENTIAL FOR SUSTAINED INCLUSIVE GROWTH AND POVERTY REDUCTION; STAFF APPRAISAL; FIGURES; 1. Recent Economic Performance; 2. Composition of Real GDP, 2000 and 2012; 3. External Sector Performance; 4. Quarterly Tax Revenues (2011-13) |
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5. Recent Budgetary Performance6. Sub-Saharan Africa: Civil Servant Wages in 2013; 7. Banking System Indicators; 8. Banking System Performance and Soundness; 9. Program Scenario; 10. Progress Towards the Millennium Development Goals; 11. Poverty and Extreme Poverty; 12. Doing Business Indicators, 2013-14; TABLES; 1. Selected Economic Indicators, 2011-19; 2. Balance of Payments, 2011-19; 3. Central Government Operations, 2011-19; 4. Central Government Operations (GFSM 2001 Classification), 2011-19; 5. Integrated Balance Sheet, 2011-19; 6. Monetary Survey, 2011-19 |
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7. Risk Assessment Matrix[sup(1)]8. Financial Soundness Indicators, December 2009-March 2014[sup(2)]; 9. Quantitative Targets under the Staff-Monitored Program; 10. Status of Structural Benchmarks for 1st and 2nd SMP Reviews; APPENDIX; I. Assessment of External Stability and Competitiveness; CONTENTS; FUND RELATIONS; WORLD BANK-IMF COLLABORATION; STATISTICAL ISSUES |
| Summary |
"The economic rebound experienced since 2009 has ended, with economic growth decelerating in 2013. The external position is vulnerable, with a wide current account deficit, an overvalued exchange rate, and low international reserves. The baseline scenario is marked by sluggish growth in 2014 and over the medium term, with risks clearly to the downside in the near term. Key risks to the outlook include lower than programmed tax collections, policy slippages, financial sector stress, and global commodity prices. Zimbabwe faces these risks with very thin buffers. Performance under the staff-monitored program (SMP). The SMP provided a useful anchor for Zimbabwe in an election year. However, progress in implementing the program was complicated by a long electoral process and a protracted post-election transition, as well as an adverse external environment. Thus, a number of quantitative targets and structural benchmarks were not met. Discussions on the first and second reviews are at an advanced stage. Macroeconomic policies in the near term. The economic environment remains difficult, posing significant risks to the budget and to financial stability. Policy efforts should continue to aim to restore fiscal and external sustainability and reduce financial vulnerabilities. Medium-term challenges. Zimbabwe faces serious medium-term challenges, and a vigorous reform program is needed to put the country on a sustainable, inclusive growth path. In particular, a fiscal strategy aimed at rebalancing the expenditure mix should be a priority - including to prevent the accumulation of domestic arrears. Significant financing is needed to address the infrastructure deficit and widespread poverty, as targeted under the government's own development plans. To attract much needed FDI and access affordable financing, the authorities need to improve the business environment. Resolving external payment arrears. Zimbabwe's debt situation remains a serious impediment to external sustainability and economic development. Addressing this issue will require a comprehensive arrears clearance framework underpinned by strong macro policies, in what will likely be a protracted process"--Page 2 of pdf |
| Notes |
"July 2014." |
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"May 29, 2014"--Page 2 of pdf |
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English |
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Online resource; title from pdf title page (IMF Web site, viewed July 14, 2014) |
| Subject |
International Monetary Fund -- Zimbabwe
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| SUBJECT |
International Monetary Fund fast |
| Subject |
Economic development -- Zimbabwe
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Fiscal policy -- Zimbabwe
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Financial institutions -- Zimbabwe
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Competition -- Zimbabwe
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Poverty -- Zimbabwe
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Competition
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Economic development
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Financial institutions
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Fiscal policy
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Poverty
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Zimbabwe
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| Form |
Electronic book
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| Author |
International Monetary Fund, issuing body.
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| ISBN |
9781498361040 |
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1498361048 |
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1498356613 |
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9781498356619 |
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1498305113 |
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9781498305112 |
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