IMF Reviews Reforms Amid Arrears

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The International Monetary Fund (IMF) praised Zimbabwe’s ongoing economic reforms but confirmed it remains unable to lend due to $12.2 billion in external arrears. IMF Africa Director Abebe Aemro Selassie said discussions are advancing toward a staff-monitored program to support fiscal stability and policy discipline. He highlighted reduced central bank financing as vital for controlling inflation. Zimbabwe’s finance ministry reported “fruitful deliberations” with the IMF and expects an IMF mission in Harare later this month.