Zimbabwe has continued to consolidate stabilization gains under the Staff-Monitored Program (SMP) despite external shocks. Growth strengthened in 2025 and momentum continued in 2026, supported by mining, still-elevated gold prices, and a strong agricultural rebound. Inflation has remained low, the exchange rate broadly stable, and the current account robust, providing a window to strengthen macroeconomic management, rebuild buffers, and advance reengagement toward arrears clearance and debt resolution.