{"id":84792,"date":"2023-10-14T22:31:36","date_gmt":"2023-10-14T20:31:36","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-wants-new-imf-staff-monitored-program-by-april"},"modified":"2023-10-15T02:14:52","modified_gmt":"2023-10-15T00:14:52","slug":"zimbabwe-wants-new-imf-staff-monitored-program-by-april","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/zimbabwe-wants-new-imf-staff-monitored-program-by-april","title":{"rendered":"Zimbabwe wants new IMF staff-monitored program by April"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>By Nyasha Chingono | Reuters<\/b><\/p>\n

HARARE (Reuters) \u2013 Zimbabwe hopes to agree a new staff-monitored program with the International Monetary Fund (IMF) by April next year, with an IMF team due to visit later this month for initial talks, its finance minister said on Thursday.<\/p>\n

\u201cOur intention is that by the time we go for the Spring Meetings in April 2024 we should have signed off on a staff-monitored program,\u201d Mthuli Ncube told reporters in Marrakech at the IMF and World Bank Annual Meetings.<\/p>\n

\u201cIt will focus on maintaining discipline on the fiscal front and continue fine-tuning our exchange rate system and maintaining a tight monetary policy.\u201d<\/p>\n

An IMF staff-monitored program is an informal agreement under which Fund staff keep tabs on a member country\u2019s economic program. If successful it could lead to a financial arrangement in the future.<\/p>\n

Zimbabwe\u2019s economy has been scarred by successive bouts of hyperinflation.<\/p>\n

Its access to long-term international capital is blocked by billions of dollars of arrears on debts owed to foreign lenders including the World Bank and African Development Bank.<\/p>\n

Ncube also said on Thursday that some white farmers whose lands were seized two decades ago in one of the most divisive policies of strongman Robert Mugabe\u2019s era had agreed compensation terms with the government.<\/p>\n

\u201cIndividuals farmers have agreed to the payment plan and they are happy to sign with the government,\u201d he said.<\/p>\n

Zimbabwe intends to pay the farmers $3.5 billion over a decade, instead of over 20 years as announced three years ago. The compensation is central to a government arrears-clearance strategy developed in collaboration with the African Development Bank.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. By Nyasha Chingono | Reuters HARARE (Reuters) \u2013 Zimbabwe hopes to agree a new staff-monitored program with the International Monetary Fund (IMF) by April next year, with an IMF team due to visit later this month for initial talks, its finance minister said on Thursday. \u201cOur intention is that by the time […]<\/p>\n","protected":false},"author":84,"featured_media":84791,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12],"tags":[1493,2189,19],"class_list":{"0":"post-84792","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-policy","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-zimbabwe"},"yoast_head":"\nZimbabwe wants new IMF staff-monitored program by April - zimbabwe<\/title>\n<meta name=\"description\" content=\"By Nyasha Chingono | Reuters HARARE (Reuters) \u2013 Zimbabwe hopes to agree a new staff-monitored program with the I ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-wants-new-imf-staff-monitored-program-by-april\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zimbabwe wants new IMF staff-monitored program by April\" \/>\n<meta property=\"og:description\" content=\"By Nyasha Chingono | Reuters HARARE (Reuters) \u2013 Zimbabwe hopes to agree a new staff-monitored program with the I ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-wants-new-imf-staff-monitored-program-by-april\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-14T20:31:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-15T00:14:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/10\/sm_1697312511.230457.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"550\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-wants-new-imf-staff-monitored-program-by-april\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-wants-new-imf-staff-monitored-program-by-april\",\"name\":\"Zimbabwe wants new IMF staff-monitored program by April - 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