Zimbabwe: IMF Backs Zimbabwe Reform Push With New Staff-Monitored Programme

Zimbabwe and the International Monetary Fund (IMF) have reached a staff-level agreement on a new Staff-Monitored Programme (SMP), a step the authorities say could help entrench economic stability and support the country’s efforts to re-engage with international lenders.

The 10-month programme is designed to strengthen fiscal discipline, tighten monetary management and improve governance as Zimbabwe seeks to build a credible reform record that could pave the way for debt restructuring and the…