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Balance of Payments and International FDI Position in Zimbabwe: FY2019/20
Zimbabwean merchandise export earnings have been growing consistently since 2016. The faster growth in export earnings has not been sufficient to improve Zimbabwe’s current account balance. The balance of payments has been volatile and gross official reserves have decreased slightly due to the narrowing capital and financial account surplus despite the persistent inward foreign direct investment (FDI) inflows. These capital flows have improved Zimbabwe’s balance of payments but the country’s net international FDI position deteriorated. Nonetheless, Zimbabwe’s balance of payments is projected to recover to surplus from 2021 onwards, but gross official reserves are projected to decrease in the medium-term.