Zimbabwe's ruling party and the opposition have reached agreement on a political accord that should smooth the way for elections in March, state media reported Sunday.
The South Africa-mediated accord includes reforms to sweeping media and security laws that the opposition claims are hindering election campaigning, according to the Sunday Mail newspaper, a government mouthpiece.
A spokesman for opposition leader Morgan Tsvangirai was not immediately available for comment Sunday.
Parliamentary and presidential elections are set to take place in March in Zimbabwe amid the country's worst economic crisis since President Robert Mugabe, 83, led the African nation to independence from Britain in 1980.
Official inflation was reported in September at nearly 8,000 — the highest rate in the world — but analysts say inflation is closer to 90,000 percent. The International Monetary Fund forecast inflation reaching 100,000 percent by the end of the year.