arare, November 6, 2025 — The International Monetary Fund (IMF) has commended Zimbabwe for achieving a stronger-than-expected economic rebound in 2025, citing the country’s agricultural growth, mining performance, and easing inflation supported by a stable exchange rate.
In a statement released at the conclusion of a week-long mission to Zimbabwe, IMF Mission Chief Mr. Wojciech Maliszewski praised the country’s “remarkable resilience,” noting that the recovery has exceeded earlier forecasts.
“Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated, supported by the rebound in agriculture and solid performances in mining, while inflation has continued to ease significantly, aided by a stable foreign exchange rate,” said Maliszewski. “The economy is expected to maintain strong momentum in 2026.”
The IMF mission, which ran from October 29 to November 5, 2025, engaged with senior government officials, the Reserve Bank of Zimbabwe (RBZ), and other economic stakeholders. Discussions centered on maintaining fiscal stability as the government prepares the 2026 National Budget, with a strong focus on expenditure control, sustainable financing, and improved fiscal transparency.
The IMF highlighted that maintaining fiscal discipline will be crucial to consolidating the economic gains recorded in 2025. It urged the government to:
- Align spending with actual revenues,
- Strengthen tax administration and policy to boost domestic revenue,
- Avoid the accumulation of new arrears, and
- Adopt transparent and sustainable financing mechanisms to avoid inflationary pressures.
The mission also encouraged Zimbabwean authorities to continue pursuing structural reforms aimed at improving the business climate, fostering private sector-led growth, and safeguarding macroeconomic stability.
“Aligning expenditures with revenues and adopting credible financing frameworks are critical to safeguarding macroeconomic stability and maintaining investor confidence,” the IMF statement emphasized.
Zimbabwe’s economic rebound has been driven largely by record agricultural yields, robust mineral exports, and a more stable currency environment, with inflation continuing to decline from last year’s highs. Analysts believe that if fiscal prudence and reform momentum continue, the country could sustain its growth trajectory into 2026.
