Zimbabwe’s bond notes are ‘exacerbating’ economic fragility, IMF says
Fund urges Zim authorities to restore credibility to currency regime as financial crisis shows no sign of abating
Directors at the International Monetary Fund (IMF) have stressed the need for the Zimbabwean authorities to “restore credibility of the currency regime”, following their chaotic response to the country’s dollar shortage.
In a statement published on July 7, following the conclusion of its Article IV consultation with the troubled African nation, fund directors noted financial sector fragility had increased despite private sector credit growth remaining subdued.
“The extensive use of quasi
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