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Zimbabwe : Staff-Monitored Program
Press Release and Staff Report

Series:Country Report No. 19/144
ISBN 9781498317481
Code: #1ZWEEA2019003

Publication year: 2019

Cdn: $25.00; US: $18.00
Paperback
Language: English
61 pages
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Zimbabwe faces deep macroeconomic imbalances. After a period of relative macroeconomic stability when hyperinflation was broken in 2008 with the move to full dollarization, the fiscal situation has deteriorated sharply since 2015. Large fiscal deficits during 2016–18, financed by the issuance of quasi-currency instruments nominally at par to the U.S. dollar, built up pressure in the dollarized economy. The fragile equilibrium was maintained by exchange controls and other restrictions on access to foreign exchange (FX).
Zimbabwe : Staff-Monitored Program
Cdn: $25.00; US: $18.00
International Monetary Fund (IMF) BookID: 125034 Added: 2019.5.31