Story by Stanley James, Business Editor
THE World Bank has praised Zimbabwe for its steady economic reforms, noting the country’s commitment to rebuilding confidence in the global community.
Ms Eneida Fernandes, the World Bank Group Country Manager for Zimbabwe, highlighted progress from the Transitional Stabilisation Programme through National Development Strategy One (NDS1) to the current National Development Strategy Two (NDS2), describing the trajectory as “a clear reflection of the country’s commitment to rebuilding confidence within the global community.”
She said Zimbabwe’s reforms have focused on restoring macroeconomic stability, strengthening international relations, advancing infrastructure development, and rolling out key social programmes.
“The World Bank is actually seeing more opportunities for growth in Zimbabwe, and this is expected to result in the economy further performing on a sound or favourable footing in line with our set projection of a five per cent growth,” Ms Fernandes added.
Deputy Minister of Finance, Economic Development and Investment Promotion, Honourable Kuda Mnangagwa, reaffirmed the government’s commitment to consolidating relations with global funding institutions.
“The Government of Zimbabwe understands the dynamics of the current situation, and as such it is our ideal commitment to further identify what can be done to sustain the current growth trajectory and tap into key economic indicators that have a bearing in further consolidating growth,” he said.
Despite global and local shocks, including the Covid-19 pandemic, geopolitical tensions, and climate change, the World Bank described Zimbabwe’s economy as a strong performer, endorsing the five percent growth forecast for 2026.
