HARARE — Zimbabwe has reached a staff-level agreement with the International Monetary Fund on the first review of its 10-month Staff-Monitored Program, marking a fresh development in the country’s efforts to strengthen macroeconomic stability and economic recovery.

The IMF said Zimbabwe’s programme implementation through the end of March was broadly satisfactory, with all quantitative targets and structural benchmarks met, while most indicative targets were achieved.

The IMF said Zimbabwe’s economy remained resilient, supported by a rebound in agriculture, strong mining activity, and favorable gold prices. Real GDP growth is projected at about 5% in 2026, while inflation is expected to remain relatively contained.

The agreement also highlights the importance of continued monetary and exchange-rate reforms, protection of social spending, stronger governance, and improved fiscal-risk management.

Economic analysts say the latest IMF assessment could help strengthen confidence among investors and international financial institutions as Zimbabwe works toward broader economic re-engagement.

The latest review gives Zimbabwe a positive economic signal, but authorities still face the challenge of maintaining policy discipline while protecting households from external shocks and food-security risks.