IMF -- Resident Representative Office in Zimbabwe

IMF Office in Zimbabwe

Resident Representative for Zimbabwe

Carlos E. Caceres

Resident Representative

Office Information

12th FloorZB Life TowersCorner Jason Moyo Avenue and Sam Nujoma StreetHarare

Tel: +263 4 251251
Fax: +263 4 251254
Email: RR-ZWE@imf.org

Carlos E. Caceres , Resident Representative: Dr. Carlos E. Caceres is the Resident Representative for the International Monetary Fund in Zimbabwe. Dr. Caceres joined the International Monetary Fund in 2009 and has worked in the African, European, Western Hemisphere, Monetary and Capital Markets, Middle East and Central Asia, and Fiscal Affairs Departments. His country experiences at the IMF include Armenia, Bolivia, Bosnia & Herzegovina, Republic of Congo, Germany, India, Moldova, Poland, South Africa, Switzerland, the United States, Uzbekistan, and Vietnam. Before joining the Fund, Dr. Caceres worked at the European Investment Bank, Morgan Stanley and the World Bank. He holds a PhD in Economics from Oxford University, an MPhil in Economics also from Oxford University and a MEng in Engineering with Business-Finance from the University College London and London School of Economics.
Petronella Chishawa, Economist: Petronella Chishawa is the local economist. She joined the office in November 2014. Prior to joining the IMF’s local office, she was serving the Government of Zimbabwe as a Principal Economist at the Ministry of Finance and Economic Development where she worked for 9 years. She has a MSc. Degree in international trade policy and trade law and a Post Graduate Diploma in international trade policy and law from Lund University, Sweden and a BSc. Honors’ Degree in economics from the University of Zimbabwe.
James Rusike, Office Driver: James Rusike is the driver in the IMF’s local office. He joined the IMF in 2016 and worked for the government prior to that. He started his career as a pool driver, and was a VIP driver in various government offices for 8 years.
Beatrice Banda, Administrative Assistant: Beatrice Banda is the administrative assistant. She joined the IMF’s local office in September 2014. Prior to that she worked 11 years as an administrator / office manager in the private sector where she gained a wealth of experience. She is currently pursuing a Chartered Institute of Secretaries (CIS) qualification.

Useful Information

Videos

Press Conference: Regional Economic Outlook for Sub-Saharan Africa: A Tepid and Pricey Recovery.
Abebe Aemro Selassie, Director,
African Department, IMF
April 19, 2024

Available on the IMF iPad App

Publications

More Publications

This web page presents information about the work of the IMF in Zimbabwe, including the activities of the IMF Resident Representative Office. Additional information can be found on the Zimbabwe and IMF country page, including IMF reports and Executive Board documents that deal with Zimbabwe.

Zimbabwe and the IMF Country Page

At a Glance
Office Activities

IMF's Work on Zimbabwe
Fraudulent Scam Emails Using the Name of the IMF

At a Glance

Current IMF membership: 190 countries
Zimbabwe joined the Fund on February 3, 1995
Total Quota: SDR 706.80 Million
Loans outstanding: None
Last Article IV Consultation: The Article IV consultation staff report was discussed by the Executive Board on February 24, 2020 (Country Report No. 20/82).

Office Activities

Special Drawing Rights Presentation

General SDR allocations are made to IMF members that are participants in the SDR department (currently all IMF members) in proportion to their IMF quota shares.

May 12, 2021
SSA REO Outreach Presentation Navigating a Long Pandemic May 2021

Despite turning out better than expected, growth in 2020 is estimated to be the worst on record, at –1.9 percent, leading to a large increase in poverty. In 2021, the region’s economy is expected to resume expansion at 3.4 percent, weaker than the 6 percent for the rest of the world, amid a continued lack of access to vaccines and limited policy space to support the crisis response and recovery.

May 5, 2021
Covid-19 has compounded Africa's economic woes

In-Depth Interview with Patrick Imam

December 4, 2020
REO Outreach Presentation - A Difficult Road to Recovery

November 30, 2020
Zimbabwe: Economic Outlook and SMP Performance

Presentation

March 16, 2020

IMF's Work on Zimbabwe

IMF Staff Completes 2024 Article IV Mission to Zimbabwe

June 27, 2024

In light of new policy developments, an International Monetary Fund (IMF) staff team led by Mr. Wojciech Maliszewski conducted a second mission to Harare during June 18-27, 2024, to conclude the 2024 Article IV Consultation.
Transcript of IMF Press Briefing

June 6, 2024

Good morning, everyone, both to those of you here with us in person and those joining us online, welcome to this IMF Press Briefing. I am Julie Kozack, Director of the Communications Department. As usual, this briefing is embargoed until 11:00 a.m. Eastern Time in the U.S. I will begin with some announcements and then we will turn to your questions in person, on Webex, or via the Press Center.
Transcript of IMF Press Briefing

April 4, 2024

Good morning, everyone, both to those of you here with us in person and to those joining us online. Welcome to the IMF press briefing. I am Julie Kozak, Director of the Communications Department. As usual, this briefing will be embargoed until 11:00 a.m. Eastern Time in the United States.
IMF Staff Completes 2024 Article IV Mission to Zimbabwe

February 14, 2024

The mission discussions covered policies to restore macroeconomic stability and improve growth prospects, focusing on finalizing the transfer of the RBZ’s quasi-fiscal operations to the Treasury and addressing other sources of fiscal pressures; liberalizing the foreign exchange market and establishing an effective framework for exchange rate and monetary policies; and progressing on reforms to improve economic governance
Zimbabwe: Technical Assistance Report-National Accounts Mission

December 18, 2023

Series:Country Report No. 2023/427

Regional Economic Outlook

April 19, 2024

A Tepid and Pricey Recovery

After four turbulent years, the outlook for sub-Saharan Africa is gradually improving. Growth will rise from 3.4 percent in 2023 to 3.8 percent in 2024, with nearly two thirds of countries anticipating higher growth. Economic recovery is expected to continue beyond this year, with growth projections reaching 4.0 percent in 2025. Additionally, inflation has almost halved, public debt ratios have broadly stabilized, and several countries have recently issued Eurobonds, ending a two-year hiatus from international markets. However, not all is favorable and risks to the outlook remain tilted to the downside. The funding squeeze persists as the region’s governments continue to grapple with financing shortages, high borrowing costs, and impending debt repayments. Amid the challenges, sub-Saharan African countries will need additional support from the international community to develop a more inclusive, sustainable, and prosperous future.
Read the Report

Fraudulent Scam Emails Using the Name of the IMF

We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.
For more information please see Fraudulent Scam Emails Using the Name of the IMF

Departmental Papers on Africa

The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.

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