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IMF team visits Zim

AN International Monetary Fund (IMF) delegation is in the country and will hold discussions with government ministers, captains of industry and senior government officials.

Kudzai Kuwaza

The delegation, which arrived in the country on Wednesday, will be in the country until October 1.

The team met Finance minister Patrick Chinamasa, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya and cabinet secretary Misheck Sibanda on Wednesday.

Yesterday it met Ministry of Finance and RBZ officials in a number of technical meetings.

Today, the delegation is expected to meet Mines permanent secretary Francis Gudyanga, Indigenisation minister Francis Nhema, Confederation of Zimbabwe Industries chief executive Clifford Sileya, Bankers Association of Zimbabwe president Sam Malaba, CBZ Bank chief executive Never Nyemudzo and Zimbabwe National Chamber of Commerce officials.

Over the course of next week the IMF team is scheduled to meet African Development Bank officials, Civil Service Commission secretary Pretty Sunguro, Commercial Farmers Union representatives as well as RBZ deputy governors.

On September 26, the Bretton Woods institution officials are expected to meet Chinamasa for a wrap-up meeting and will also meet development partners the same day.

On September 30, the delegation will meet the Parliamentary Portfolio Committee on Finance and Budget.

A delegation from the IMF was in the country earlier this year as part of the Staff Monitored Programme (SMP) it has with the Zimbabwean government and the current visit is to review progress made.

The SMP is an informal arrangement between a country’s government and the IMF to monitor the implementation of the government’s economic programmes.

In his mid-term fiscal policy statement last week, Chinamasa said that the IMF are broadly satisfied with the progress the country is making adding that this was evidenced by the fund setting up a country office this year for the first time in a decade.

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