Story by Josephine Mugiyo, Diplomatic Correspondent
President Emmerson Mnangagwa says Zimbabwe is intensifying efforts to scale up domestic resource mobilisation as part of measures to close funding gaps emerging from shifting global development financing patterns.
The Head of State made the remarks while hosting diplomats accredited to Zimbabwe at the annual diplomatic reception, where he engaged envoys on global developments and the country’s economic and development priorities.
Addressing the diplomatic corps, President Mnangagwa said changing global financing dynamics are compelling many nations in the Global South to rethink their pathways towards sustainable growth and development.
“Global shifts in development financing and cooperation have challenged many countries in the global south to reassess strategies for sustainable economic growth. Zimbabwe remains grateful for partnerships that have supported our development, modernisation and industrialisation journey. We are determined to scale up domestic resource mobilisation to bridge the funding gap as well as to venture into new innovative models that recognise our unique circumstances. Lasting investments and collaboration in sectors, such as agriculture, infrastructure development, green energy, health and the environment, are welcome.”
President Mnangagwa emphasised that international cooperation must be anchored on mutual respect, sovereign equality and non-interference in domestic affairs.
“My Administration will continue to play its part to consolidate the gains we have realised together and establish new cooperation frameworks. These must be based on respect, the principle of sovereign equality of states and non-interference in our internal affairs.”
He reaffirmed Zimbabwe’s long-standing diplomatic philosophy that the country remains open to constructive engagement with all nations.
“My administration recognises that credibility and predictability are essential ingredients for restoring investor confidence and unlocking new lines of financing. In this spirit, my government’s ongoing engagement with international financial institutions, under the Arrears Clearance and Debt Resolution Process, is progressing well. We are taking concrete steps towards fulfilling our financial obligations. Similarly, the stabilisation of our economy and its integration into the global financial and trade system are continuing. We welcome your support in these endeavours.”
President Mnangagwa also underscored the importance of strengthening people-to-people relations and cultural exchanges among nations, noting that these connections remain a vital pillar of diplomacy and international cooperation.
