Attachments
Situation Update
According to the 2023 rural ZIMVAC assessment results approximately 26% of rural households in Zimbabwe will be cereal insecure during the coming peak hunger period (January - March 2024), which translates to approximately 2.7 million people who will require about 100,000 MT of cereal. Matabeleland North (42%), Mashonaland Central (31%) and Masvingo (30%) provinces are projected to have the highest proportion of cereal insecure households during the peak hunger period.
Overall macro-economic prospects seem to be improving. The annual consumer inflation dropped, helped by an appreciation of the Zimbabwean dollar. On a monthly basis, prices fell most likely due to the rebound of the local currency against the US dollar amid new rules that require corporate taxes to be settled in the local unit and the loosening of foreign-exchange controls. The Reserve Bank of Zimbabwe has been working on measures to tame cost growth and reduce volatility and erase the gap between the official and black-market rates.