Zimbabwe has agreed a staff-monitored programme with the IMF, a senior official said on Friday, a tentative first step on the way to a closer engagement with the fund and an eventual loan programme.
A staff-monitored programme is an informal agreement between a country and the IMF that can open the door to financial support from the fund, help restart one that has gone off track, or enable repeat access to emergency assistance.
George Guvamatanga, a senior finance ministry official, told Reuters that Zimbabwes authorities were aiming for a 10-month staff-monitored programme starting next month if all processes can be completed in time.
