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Zimbabwe: Recent Economic Developments

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  • International Monetary Fund

Abstract

This paper reports economic developments in Zimbabwe during the 1990s. In 1991, the government officially launched its comprehensive Economic and Structural Adjustment Program—covering fiscal years 1991 through 1995—to strengthen growth and employment prospect. Despite the success achieved in carrying out a number of structural reforms, persistently large budget deficits presented a serious impediment to growth. The failure to bring the government budget under control was reflected in high levels of spending, which contributed to an uncompetitive exchange rate and necessitated excessive borrowing and high real interest rates.

Suggested Citation

  • International Monetary Fund, 1997. "Zimbabwe: Recent Economic Developments," IMF Staff Country Reports 1997/059, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1997/059
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    Cited by:

    1. Bautista, Romeo M. & Lofgren, Hans & Thomas, Marcelle, 1998. "Does trade liberalization enhance income growth and equity in Zimbabwe?: the role of complimentary policies," TMD discussion papers 32, International Food Policy Research Institute (IFPRI).
    2. Thomas, Marcelle & Bautista, Romeo M., 1999. "A 1991 social accounting matrix (SAM) for Zimbabwe:," TMD discussion papers 36, International Food Policy Research Institute (IFPRI).

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