Zimbabwe's economy continues to register positive strides: president

Zimbabwean President Emmerson Mnangagwa has said the country's economy continues to register positive strides.

HARARE, June 22 (Xinhua) -- Zimbabwean President Emmerson Mnangagwa said on Saturday that the country's economy continues to register positive strides.

In a post on X, the president said economic growth is being driven by strong performance in mining and tourism, reduced inflation and the stabilization of the local currency.

Mnangagwa's comments followed a recent statement by the International Monetary Fund (IMF), which hailed the macroeconomic stability prevailing in Zimbabwe and the government's disciplined policies to stabilize the local currency and reduce inflation.

"I welcome the IMF's acknowledgement of our progress," the president said. "The recognition reflects the impact of the bold reforms, fiscal discipline, and stabilization efforts we have pursued."

"We remain focused on a stable and prosperous Zimbabwe, grounded in sustainable growth and sound economic governance," he added.

Zimbabwe experienced slow economic growth in 2024 due to the effects of an El Nino-induced drought. According to the IMF, the country's economy is on a trajectory toward recovery, with growth projected at 6 percent this year. ■