THE International Monetary Fund (IMF) has announced that Zimbabwe needs to improve its economic policies and data reporting to make progress toward approval for a loan by the institution.
 “Improving the timeliness and quality of data reporting and making further progress in economic policies would help to move toward a staff monitored program, which is the stepping stone to an IMF financial arrangement and debt relief,” Vitaliy Kramarenko the IMF mission chief to Zimbabwe said  after a June 2-10 mission to Harare.

He said the country’s economy is benefitting from higher export prices and a good agriculture season.

He however recommended that the authorities complete a current government payroll audit, focus more on social policies and improve the business climate.