WASHINGTON, April 17 (AGCNewsNet) – The International Monetary Fund has approved a 10-month Staff-Monitored Program (SMP) for Zimbabwe, aimed at consolidating recent economic stabilisation gains and strengthening macroeconomic management.

The program is designed to support Zimbabwe’s ongoing reform efforts, focusing on fiscal discipline, monetary stability, and improved economic governance.

The IMF said the initiative will help authorities maintain progress made in stabilising the economy while laying the groundwork for more comprehensive financial support in the future.

The announcement comes amid broader economic pressures across Africa, with the IMF recently lowering its 2026 growth forecast for the continent to 4.3 percent in its latest global outlook.

The Fund warned that countries heavily reliant on energy imports and lacking strong resource buffers are particularly vulnerable to external shocks.

Rising global uncertainties, including the economic fallout from the Middle East conflict and a decline in foreign aid, are pushing more African nations to seek support from the IMF.

Zimbabwe’s participation in the Staff-Monitored Program signals renewed engagement with the lender as it seeks to rebuild economic stability and restore investor confidence.

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