Story by Stanley James, Business Editor
THE European Union(EU) has endorsed Zimbabwe’s economic growth potential after the signing of four financing agreements worth US$80 million between the EU and government.
The agreements signed this Wednesday created a platform for the review of ties between the EU and Zimbabwe.
The agreements that will see the EU trading bloc availing about US$80 million to agriculture, biodiversity, governance, and gender equality have further proved the positive results of Zimbabwe’s engagement and reengagement agenda.
EU economies have reaffirmed their commitment to supporting Zimbabwe.
“Today’s financing agreements mark a major milestone in the shared commitment between team Europe and Zimbabwe to promote sustainable inclusive growth across the country .By aligning the EUs Global Gateway priorities with Zimbabwe’s National Development Strategy One.
“We are addressing immediate needs while empowering Zimbabweans, especially women and youth, to build a resilient society and economy. Together, we are investing in a sustainable future that will benefit generations to come,” said EU’s Ambassador to Zimbabwe, His Excellency Jobst von Kirchmann.
Treasury has applauded the EU for its commitment towards building the socio-economic development of Zimbabwe.
“Zimbabwe remains grateful for the EU support and today marks another milestone in our cooperation. As you have noted , the support is building upon and reinforcing the investments made under the 11th European Development Fund and dovetails with our national development thrust as enunciated in the National Development Strategy One,” noted the Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube.
Zimbabwe is courting global development partners to mobilise finance and technical support in line with National Development Strategy One aspirations.
