Another team from the International Monetary Fund (IMF) is expected to arrive in Harare later this month to assess the country’s economy, particularly the impact of the Zimbabwean dollar (ZiG).
The visiting team will also propose additional measures to further strengthen Zimbabwe’s new currency.
The ZiG was introduced as part of a broader economic reform program aimed at stabilizing the economy and attracting foreign investment.
The IMF team’s visit is seen as a significant development, as it will provide an opportunity for the international community to assess the progress made by Zimbabwe in implementing its economic reforms.
The team will also have the chance to discuss with government officials and other stakeholders the challenges facing the country and potential solutions to address them.
The ZiG has been hailed as a success by some, with the country’s inflation rate declining significantly since its introduction. However, others have criticized the currency, citing concerns about its stability and potential for devaluation.
The IMF team is expected to assess the ZiG’s performance and provide recommendations on how to improve its stability. The team will also review Zimbabwe’s economic policies and provide guidance on how to strengthen the country’s economic fundamentals.
The IMF team’s visit is seen as a major opportunity for Zimbabwe to demonstrate its commitment to economic reform and stability. The country’s government has promised to work closely with the IMF team to address any concerns and implement necessary reforms.
SOURCE : NEWSREPORTZIM.COM
