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Message: [QUOTE="Munyaradzi Mafaro, post: 44167, member: 636"] The International Monetary Fund praised Zimbabwe for making major economic improvements that help stabilize the country's finances. IMF officials visited Zimbabwe in June and found that government leaders successfully reduced inflation and strengthened their local currency called the ZiG. The global lender said Zimbabwe's central bank stopped risky spending practices and adopted stricter money policies. Zimbabwe's monthly inflation dropped to just 0.5 percent between February and May 2025 after years of price increases that hurt families and businesses. The gap between official exchange rates and black market prices narrowed to about 20 percent. Economic experts say these changes show Zimbabwe can attract more investment from other countries. The IMF expects Zimbabwe's economy to grow 6 percent during 2025 because of better weather and higher gold prices around the world. Last year drought damaged crops and mining struggled with lower commodity prices. Agriculture and mining drive most of Zimbabwe's economic activity. Government tax collection increased to 18 percent of total economic output early this year through new revenue measures. Higher public worker salaries and debt payments created budget pressure. The IMF wants Zimbabwe to balance spending without printing more money or falling behind on bills. The fund recommended Zimbabwe improve currency trading systems and move toward market-based exchange rates by 2030. Better government oversight of state companies will reduce financial risks and increase transparency for international creditors. [/QUOTE]

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