President Mnangagwa posted on social media about Zimbabwe's economic success over the weekend. He talked about how his government wants to keep the country stable and wealthy through smart money management. The leader praised recent visits from International Monetary Fund experts who said good things about Zimbabwe's progress. Mining and tourism sectors have grown stronger as inflation goes down and the local money becomes more stable. These improvements show that government changes and careful spending are working well.
The IMF team spent two weeks checking Zimbabwe's finances from June 4 to June 18. Team leader Wojciech Maliszewski said the country will likely see six percent economic growth during 2025. He explained that Zimbabwe has found better balance after years of money problems and sky-high prices. The central bank stopped certain risky activities and the government controlled spending more carefully. These moves helped make the ZiG currency stronger and brought down rising costs.
Zimbabwe's economy had trouble during 2024 because drought hurt farming badly. Electricity production fell and lower prices for platinum and lithium damaged mining profits. Things turned around during early 2025 when rain returned and gold prices reached record highs. Farming and mining bounced back quickly as export earnings improved and economic growth picked up speed. Government taxes and fees brought more money into state coffers.
The ZiG currency uses Zimbabwe's natural resources as backing, especially gold reserves. Central bank vaults currently hold 3.4 tonnes of gold with plans to reach five tonnes before 2025 ends.
The IMF team spent two weeks checking Zimbabwe's finances from June 4 to June 18. Team leader Wojciech Maliszewski said the country will likely see six percent economic growth during 2025. He explained that Zimbabwe has found better balance after years of money problems and sky-high prices. The central bank stopped certain risky activities and the government controlled spending more carefully. These moves helped make the ZiG currency stronger and brought down rising costs.
Zimbabwe's economy had trouble during 2024 because drought hurt farming badly. Electricity production fell and lower prices for platinum and lithium damaged mining profits. Things turned around during early 2025 when rain returned and gold prices reached record highs. Farming and mining bounced back quickly as export earnings improved and economic growth picked up speed. Government taxes and fees brought more money into state coffers.
The ZiG currency uses Zimbabwe's natural resources as backing, especially gold reserves. Central bank vaults currently hold 3.4 tonnes of gold with plans to reach five tonnes before 2025 ends.
