The IMF tells us Zimbabwe's money problems are becoming better after the drought caused by El Niño. The bank is making smart choices to keep money stable. Mr Wojciech Maliszewski led a team to Zimbabwe's capital city, Harare. They talked to important people about ways to help the country.
Zimbabwe made less money last year because farms could not grow enough food during the dry weather. The country also had less electricity, and the prices of special rocks like platinum went down. People who work in other countries send money home to their families, which helps shops and builders stay busy. The country earned 500 million dollars more than it spent.
Professor Mthuli Ncube thinks Zimbabwe will make more money this year because there will be enough rain for farming. He believes special rocks used for making batteries will help Zimbabwe earn more money. The bank will keep being careful with money to make sure the ZiG stays strong.
The ZiG stayed steady when people started using it in April 2024. Prices went up by about two dollars for every hundred dollars people spent. The bank made some changes in September to make things better. The IMF says this helped make money more stable.
Zimbabwe wants to spend less money and find new ways to make money. This will help prevent prices from going up fast. The bank will keep interest rates at 35 percent, which means people will need to pay more to borrow money.
The IMF thinks Zimbabwe will grow stronger this year. More rain will help farmers grow food. The country wants help from other countries to pay its debts. Dr Akinwumi Adesina and former President Joaquim Chissano are helping Zimbabwe talk to other countries about paying back money. This will help Zimbabwe borrow money from other places to improve the country.
Zimbabwe made less money last year because farms could not grow enough food during the dry weather. The country also had less electricity, and the prices of special rocks like platinum went down. People who work in other countries send money home to their families, which helps shops and builders stay busy. The country earned 500 million dollars more than it spent.
Professor Mthuli Ncube thinks Zimbabwe will make more money this year because there will be enough rain for farming. He believes special rocks used for making batteries will help Zimbabwe earn more money. The bank will keep being careful with money to make sure the ZiG stays strong.
The ZiG stayed steady when people started using it in April 2024. Prices went up by about two dollars for every hundred dollars people spent. The bank made some changes in September to make things better. The IMF says this helped make money more stable.
Zimbabwe wants to spend less money and find new ways to make money. This will help prevent prices from going up fast. The bank will keep interest rates at 35 percent, which means people will need to pay more to borrow money.
The IMF thinks Zimbabwe will grow stronger this year. More rain will help farmers grow food. The country wants help from other countries to pay its debts. Dr Akinwumi Adesina and former President Joaquim Chissano are helping Zimbabwe talk to other countries about paying back money. This will help Zimbabwe borrow money from other places to improve the country.
