The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions, during which they were briefed on the current macro-economic, social and political environment in the southern African nation.
During the meeting with President Mnangagwa, the delegation appreciated ongoing reform efforts initiated since January 2019 as part of the government’s Transitional Stabilization Program 2018 -2020 under the IMF Staff Monitored Program (May 2019 – March 2020). They welcomed the president’s pledge to recalibrate the Program, which aims to implement a coherent set of policies that facilitate a return to macroeconomic stability.
The reforms include introducing necessary policy and institutional reforms for private sector-led growth, addressing infrastructure gaps, and launching quick-wins to stimulate and restore growth.
“I would like to express my gratitude to the Bank for the commitment towards Zimbabwe. We need more assistance as a country, more so, as we embarked on substantive economic reforms based only on domestic resources without help from the international community,” said President Mnangagwa.
The directors noted that despite some positive results, reform coordination in the country remains a challenge, against a backdrop of a continuing general rise in poverty levels, especially in the urban areas.
Zimbabwe is also still feeling the after effects of Cyclone Idai, which hit the country in March 2019, and the 2019/20 drought, which has left more than 8.5 million people (3 million of whom are in urban areas), food insecure.
The delegation also visited several Bank-funded projects, including the Post Cyclone Idai Emergency Recovery and Resilience Programme (PCIREP), implemented in the Chimanimani district, which was severely affected by Cyclone Idai. The project, funded to the tune of 24.7 million, focuses on public infrastructure interventions aimed at re-establishing sustainable livelihoods and kick-starting economic activities of the affected population.
They commended the government’s rebuilding efforts in Chimanimani and other parts of the country, and reiterated the Bank’s commitment to the people of Zimbabwe and the country’ economic development agenda.
The group urged perseverance in the implementation of reforms and called for early normalization of relations with development partners, which would help unlock more substantive external resources for Zimbabwe, including from the African Development Bank.
Travelling to Zimbabwe were Mbuyami Matungulu who represents a constituency covering Burundi, Cameroon, Central African Republic, Chad, Congo and Democratic Republic of Congo); Judith Kateera representing Angola, Mozambique, Namibia and Zimbabwe; Kenyeh Barlay for Gambia, Ghana, Liberia, Sierra Leone and Sudan; Paal Bjornestad for Denmark, Finland, India, Norway and Sweden; Amod Kipronoh Cheptoo, for Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, South Sudan, Tanzania and Uganda); and Mmakgoshi Lekhethe, for Eswatini, Lesotho and South Africa.
Eugenio Paulo, Senior ED Advisor, and Josephine Ngure, Acting Director General (RDGS) also participated in the mission.Post published in: Featured