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Zimbabwe: 2001 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; Statement by the Executive Director for Zimbabwe and Statement by the Authorities of Zimbabwe

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  • International Monetary Fund

Abstract

This 2001 Article IV Consultation highlights that Zimbabwe’s economic crisis has continued to deepen. The deterioration has mainly been the result of inappropriate macroeconomic policies and a general breakdown in the rule of law in the context of the government’s fast-track land reform program launched in early 2000. This deterioration has undermined investor confidence, contributed to the rise in unemployment, destroyed capital, and eroded institutions important for economic development, thereby darkening the longer-term outlook. Real GDP is projected to contract by 8½ percent in 2001.

Suggested Citation

  • International Monetary Fund, 2002. "Zimbabwe: 2001 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; Statement by the Executive Director for Zimbabwe and Statement by the," IMF Staff Country Reports 2002/125, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2002/125
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=15906
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    Cited by:

    1. Lars E.O. Svensson, 2003. "Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others," Journal of Economic Perspectives, American Economic Association, vol. 17(4), pages 145-166, Fall.
    2. Aitor Erce & Enrico Mallucci & Mattia Picarelli, 2021. "A Journey in the History of Sovereign Defaults on Domestic Law Public Debt, Sovereign Histories," Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra 2108, Departamento de Economía - Universidad Pública de Navarra.

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