Cover IMF Staff Country Reports
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
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2002: Issue 125
Language:
English
Publication Date:
25 Jun 2002
DOI:
https://doi.org/10.5089/9781451841435.002
ISBN:
9781451841435
ISSN:
1934-7685
Pages:
80
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2002: Issue 125