Zim to take part at IMF/ WB Spring meetings 

By Stanley James

Zimbabwe is intensifying the re-engagement drive with the country set to be part of the International Monetary Fund (IMF) and World Bank 2022 spring meetings whose thrust is to foster economic growth for member nations.

The past four years have seen Zimbabwe engaging the IMF and World Bank on restoring normal relations.

The move has also seen the two global lenders mrenewing interest in the ongoing economic reforms by the second republic.

As Finance and Economic Development Minister, Professor Mthuli Ncube heads for the Spring meetings in Washington DC, there is hope that the country will have another opportunity to market its economic reform agenda.

“It will provide a platform for the country to exchange ideas with other global economies on economic growth policies, remember we are on course to restore normal relations with the two global lenders,” said Ncube.

The treasury chief also responded to questions on whether the ongoing global economic shocks might result in Zimbabwe revising the 2022 economic growth projections.

We are assessing the situation so it might be too early to give an exact decision as we will also consult based on the situation within the globe and how it is affecting the local economy, a clear decision shall be made by midyear,” he added.

The IMF has predicted a modest growth of 3,5 percent for the Zimbabwean economy this year, while the World Bank is expecting the economy register a 4,3 percent growth.

Government has however set an overall economic growth forecast of 5,1 percent this year in line with set objectives within the National Development Strategy One.