The International Monetary Fund (IMF) management has approved a 10-month Staff Monitored Program (SMP) for Zimbabwe, launched on Thursday, aiming to anchor macroeconomic stability and facilitate international re-engagement.

• The SMP is designed to help Zimbabwe build a credible track record of policy implementation, a crucial step towards potential IMF financial support and arrears clearance.
• Key organizations involved are the International Monetary Fund (IMF) and the government of Zimbabwe, represented by its Finance Minister Mthuli Ncube.
• The program will support efforts to strengthen the monetary policy framework, promote the demand for the Zimbabwe Gold (ZiG), and maintain low and stable inflation, though it does not provide immediate funding.