EU Ambassador to Zimbabwe Jobst von Kirchmann says Zimbabwe has agreed to the terms needed for an International Monetary Fund Staff Monitored Programme. The country has already accepted all the conditions required. His statements came after IMF staff visited Harare from January 30 to February 13, where they met with government officials and key stakeholders about the SMP plan.
During a weekend interview, Ambassador von Kirchmann shared positive news about the program's status. "I think we stand very close to finalizing the SMP, and we hope officials will sign it soon. This would mark a major milestone for Zimbabwe. Everyone has discussed the needed pre-conditions, and I believe we're approaching signature time," he said.
Polish Foreign Minister Radoslaw Sikorski, who represents the current EU Council Presidency, visited Zimbabwe recently. He backed up these comments with his confidence about the program's future success. "The IMF has created economic recovery agreements with dozens of nations over four decades. They bring real expertise in helping economies and checking that countries meet requirements. You simply need to follow IMF guidance - no need to start from scratch," Sikorski explained.
Sikorski pointed out similarities between Poland's past challenges and Zimbabwe's current situation. "We experienced something very similar. Our stores accepted local currency, and others only took dollars. Right yet, the Polish zloty is gaining strength against the dollar, and our economy is performing strongly. Solutions definitely exist," he added.
President Mnangagwa previously stated Zimbabwe's dedication to making the SMP work. He noted at last November's debt forum that the government wants the program to support further economic reforms as part of their debt resolution process. He also emphasized protecting vulnerable citizens during these changes, saying social protection programs remain critically important to his administration.
Regarding Zimbabwe's economic opportunities, Sikorski expressed enthusiasm about the country's potential. "Your tourist attractions amaze visitors. You possess raw materials European countries need. We see tremendous economic possibilities here and want to build partnerships that benefit both sides," he stated.
Ambassador von Kirchmann mentioned that current trade between Zimbabwe and the EU remains below its potential. "The trade numbers stay far below what they could reach. Victoria Falls stands as a natural wonder that many more travelers would love to experience. Zimbabwe offers excellent climate conditions and talented, hardworking people," he concluded.
During a weekend interview, Ambassador von Kirchmann shared positive news about the program's status. "I think we stand very close to finalizing the SMP, and we hope officials will sign it soon. This would mark a major milestone for Zimbabwe. Everyone has discussed the needed pre-conditions, and I believe we're approaching signature time," he said.
Polish Foreign Minister Radoslaw Sikorski, who represents the current EU Council Presidency, visited Zimbabwe recently. He backed up these comments with his confidence about the program's future success. "The IMF has created economic recovery agreements with dozens of nations over four decades. They bring real expertise in helping economies and checking that countries meet requirements. You simply need to follow IMF guidance - no need to start from scratch," Sikorski explained.
Sikorski pointed out similarities between Poland's past challenges and Zimbabwe's current situation. "We experienced something very similar. Our stores accepted local currency, and others only took dollars. Right yet, the Polish zloty is gaining strength against the dollar, and our economy is performing strongly. Solutions definitely exist," he added.
President Mnangagwa previously stated Zimbabwe's dedication to making the SMP work. He noted at last November's debt forum that the government wants the program to support further economic reforms as part of their debt resolution process. He also emphasized protecting vulnerable citizens during these changes, saying social protection programs remain critically important to his administration.
Regarding Zimbabwe's economic opportunities, Sikorski expressed enthusiasm about the country's potential. "Your tourist attractions amaze visitors. You possess raw materials European countries need. We see tremendous economic possibilities here and want to build partnerships that benefit both sides," he stated.
Ambassador von Kirchmann mentioned that current trade between Zimbabwe and the EU remains below its potential. "The trade numbers stay far below what they could reach. Victoria Falls stands as a natural wonder that many more travelers would love to experience. Zimbabwe offers excellent climate conditions and talented, hardworking people," he concluded.
