THE International Monetary Fund (IMF) has commended Zimbabwe’s economic reform efforts, saying the country’s Staff-Monitored Programme (SMP) is progressing well.
The non-financing SMP is designed to anchor macroeconomic stability, consolidate recent stabilisation gains, and establish a credible track record to support Zimbabwe’s re-engagement with the international community and external debt arrears clearance efforts.
Speaking to journalists after a meeting with Speaker of Parliament Jacob Mudenda, IMF Resident Representative in Zimbabwe Daniel Gurara praised the progress made under the programme.
“As you might know, we have the Staff-Monitored Programme that we have agreed with the authorities, and the main objective of the programme is to solidify the current macro stability and to take it forward,” said Gurara.
“And today, with the Honourable Speaker, we discussed the role of Parliament, especially its oversight role, and what we can do together.
“With that oversight role, we know that as IMF, you often meet with different governments and legislative leaders in terms of looking at some of those legislative reforms and laws that actually equip and fuel economic growth.
“Zimbabwe’s Staff-Monitored Programme is doing very well,” he said.
Discussions during the meeting centred on Zimbabwe’s broader economic development agenda, with particular focus on key productive sectors such as tourism and agriculture.
The two parties also discussed strengthening institutions responsible for monitoring both microeconomic and macroeconomic performance to ensure Zimbabwe fosters a conducive investment climate.
Gurara further commended Zimbabwe’s efforts to tame inflation which fell to 4.1% in January 2026, reaching single digits for the first time in nearly three decades.
