Zimbabwe agrees to staff-monitored programme with the IMF

Zimbabwe has reached a staff-level agreement with the International Monetary Fund on economic policies and reforms.

The IMF says the 10-month Staff-Monitored Programme (SMP) is aimed at consolidating recent stabilisation gains and strengthening macroeconomic management.

An SMP with the Fund is an informal agreement that can open the door to an eventual loan. Its intended to establish a credible track record that supports re-engagement…