IMF approves Zimbabwe’s second review, projects 5% economic growth in 2026
The IMF has approved Zimbabwe's second economic review, projecting 5% GDP growth for 2026 due to stable exchange rates and improved fiscal management. While the outlook is positive, the report notes that the country must still navigate global economic uncertainty and climatic challenges.
Why it matters
The IMF's endorsement signals increased international confidence in Zimbabwe's economic reforms, which is crucial for attracting foreign investment and stabilizing the local economy.
THE International Monetary Fund (IMF) has noted progress in Zimbabwe’s economic stabilisation efforts following the approval of the second review under its 10-month Staff-Monitored Programme (SMP), in a development that could strengthen international confidence in the country’s reform agenda.
The Bretton Woods institution said 2026 marked a turning point for the economy, citing expanding economic activity, annual ZiG inflation of 3.7% and improved fiscal and monetary management.
Zimbabwe’s exchange rate has remained stable, while mineral exports, favourable commodity prices and resilient remittance inflows have supported the country’s external position.
Fiscal revenue has also exceeded expectations, providing the government with greater flexibility in allocating resources, according to the assessment.
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