Zimbabwe: 2001 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; Statement by the Executive Director for Zimbabwe and Statement by the Authorities of Zimbabwe

International Monetary Fund

No 2002/125, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2001 Article IV Consultation highlights that Zimbabwe’s economic crisis has continued to deepen. The deterioration has mainly been the result of inappropriate macroeconomic policies and a general breakdown in the rule of law in the context of the government’s fast-track land reform program launched in early 2000. This deterioration has undermined investor confidence, contributed to the rise in unemployment, destroyed capital, and eroded institutions important for economic development, thereby darkening the longer-term outlook. Real GDP is projected to contract by 8½ percent in 2001.

Keywords: ISCR; CR; government; authority; land reform; UNDP team; monetary policy; land reform reform program; reserve bank of Zimbabwe; treasury bill yield; Zimbabwean government; Inflation; Arrears; Credit; Southern Africa; Africa; Global (search for similar items in EconPapers)
Pages: 80
Date: 2002-06-25
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