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IMF approves 10-month staff-monitored program for Zimbabwe
17 Apr 2026 at 08:06hrs |
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The International Monetary Fund said on Thursday it has approved a 10-month Staff-Monitored Program for Zimbabwe focusing on maintaining recent stabilisation gains and improving macroeconomic management.
The lender cut its 2026 growth forecast for the African continent to 4.3% in its global outlook on Tuesday, warning that energy importers without a strong resource buffer would come under particular strain.
The economic fallout from the Middle East war and a collapse in foreign aid are pushing more African countries to the Fund, the IMF said earlier in the day.
The lender cut its 2026 growth forecast for the African continent to 4.3% in its global outlook on Tuesday, warning that energy importers without a strong resource buffer would come under particular strain.
The economic fallout from the Middle East war and a collapse in foreign aid are pushing more African countries to the Fund, the IMF said earlier in the day.
Source - Reuters
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