*Zimbabwe, IMF Advance Talks On Staff Monitored Programme* *GROUP LINK* https://chat.whatsapp.com/JYwP6k4mXPI7NnpMWYiBJ7 *Advertise your Business* 0716469599 International Monetary Fund (IMF) mission chief Wojciech Maliszewski, currently in Zimbabwe, said that there is good progress in agreeing on policies to boost the stability of the domestic currency, deepening the forex market, and fully entrenching fiscal discipline in the country. Incredible, the TV box everyone is talking about: Access all channels ? Techno Mag by TaboolaSponsored Links Speaking to journalists after paying a courtesy call on President Emmerson Mnangagwa at State House in Harare earlier this week, Maliszewski said that their visit to Zimbabwe is for discussions on the Staff Monitored Programme (SMP) and consultations regarding the Article IV Mission, which runs from June 4 to 18. He said: We are here to discuss a Staff Monitored Programme, but also participate in discussions on Article 4 consultations. For the Staff Monitored Programme discussions, we are making good progress in terms of agreeing on policies that would be put in place to enhance stability of the domestic currency, deepen the forex market and also make sure that the fiscal discipline is fully entrenched. Chrissy Metz Is So Skinny Now And Looks Gorgeous 5minstory.com by TaboolaSponsored Links So, these were the main topics that we have been discussing; that also include fiscal discipline and the forex market operations. Regarding Article IV discussions, Maliszewski added that the IMF is also examining Zimbabwe’s broader economic development prospects. He said: We have been discussing various structural reforms that would help make sure that the development that we are seeing so far is entrenched and enhanced through structural reforms. Again, the main two reforms that we are discussing were in the area of fiscal and the forex market, and for us, making sure that the fiscal discipline is in place and also strengthened through some changes in what we call the public financial management system is critically important. This will give the people of Zimbabwe reassurance that the macroeconomic stability that we are seeing right now will stay there for good. In simple terms, a Staff Monitored Programme (SMP) is an informal agreement between a country’s government and the International Monetary Fund (IMF). An SMP does not involve any financial assistance or loans from the IMF, but the IMF’s staff (its economists and experts) closely monitor the country’s economic policies and reforms. The country sets its own economic targets (like controlling inflation, managing debt, or improving fiscal discipline), and the IMF staff track how well these targets are being met. An SMP is a way for a country to demonstrate its commitment to sound economic policies and build a track record of good performance. This can help build confidence among international investors and other financial institutions. Often, an SMP is used as a stepping stone. If a country successfully completes an SMP, it can then be in a stronger position to request financial assistance or a more formal lending arrangement from the IMF or other international lenders in the future.