The country’s current account surplus is expected to hit $200 billion this year, according to a new study by the IMF and World Bank.
The IMF and the World Bank say the economy is in a state of rapid recovery, and they expect the surplus to rise to $200bn in 2017.
“Inflation and the increase in the currency are expected to continue to drive the economy forward,” the IMF said in its statement.
The International Monetary Fund (IMF) and the Global Finance Center (GFC) said on Tuesday that Zimbabwe’s current accounts surplus was expected to reach $100 billion this financial year, up from $68 billion in 2016.
However, the country’s GDP has declined by 5.3% since the end of 2016, and the IMF expects it to decline by another 5.2% in 2017, the statement said.
“With the economy in such a state, it is difficult to see any signs of a recovery,” the report said.
The Zimbabwe Monetary Authority has announced that the country will issue an electronic currency to finance imports, which will increase inflation.
The new currency, the Zimbabwean dollar, will be issued to purchase goods and services, with the central bank deciding the exchange rate.
The report did not specify the amount of the currency, but it is expected that it will be around the $100 mark.
The GFC also forecast a surplus of $50 billion in 2017 and predicted the economy will grow at around 5.5% in 2018.
The country is currently in a severe economic crisis.
A series of high-profile murders and unrest have caused widespread unrest and forced the government to take emergency measures.
The government is struggling to implement a range of measures, including imposing a new economic plan, reducing fuel subsidies, and increasing the price of fuel.
The central bank has also increased interest rates on many bonds, and it has also imposed a series of restrictions on foreign exchange and foreign currency trading.
The economy has been contracting for more than five years, with inflation hitting around 3% in January 2018.