Zimbabwe, IMF deepen economic governance engagements

Story by Patience Nyagato

AS Zimbabwe strengthens economic stability, Parliament and the International Monetary Fund are intensifying engagements on economic governance and accountability.

The Speaker of Parliament, Advocate Jacob Mudenda this Tuesday met International Monetary Fund Resident Representative, Dr Daniel Gurara at Parliament Building in Mt Hampden, where discussions centred on Parliament’s oversight role under Zimbabwe’s Staff Monitored Programme with the IMF.

Dr Gurara said the programme is meant to help Zimbabwe consolidate macro-economic stability while promoting sound public financial management and transparency.

“As you might know, we have the Staff Monitored Programme that we agreed with the authorities and the main objective of the programme is to solidify the current macro stability and take it forward. Today, with the Honourable Speaker, we discussed the role of Parliament, especially the oversight role. Parliament is very active in following the Auditor General’s reports and committees are also doing their job in evaluating those reports. From the angle of economic governance, public financial management and transparency, we have seen very good progress so far.”

The discussions reflect the country’s ongoing efforts to strengthen economic governance, reinforce fiscal discipline and improve prospects for future international financial support.

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