(1 minute read)
· A seven-member delegation of Executive Directors of the
African Development Bank visited Zimbabwe on a week-long fact-finding
mission and held parleys with President Emmerson Dambudzo Mnangagw and
other senior functionaries.
· Focus on private sector-led growth, mitigating
infrastructure gaps and launching short term projects to restore
growth are some of the components of the grand plan
A seven-member delegation of Executive Directors of the African
Development Bank visited Zimbabwe on a week-long fact-finding mission
and held parleys with President Emmerson Dambudzo Mnangagw and other
senior functionaries. The delegation also met officials from various
ministries, civil society, the private sector and multilateral
financial institutions. The delegation critically assessed the
current macro-economic, social and political environment in the
southern African nation.
President Mnangagwa explained in detail the ongoing reform measures
carried out since January 2019 as part of the government’s
“Transitional Stabilization Program 2018 -2020”, which is a IMF
Staff Monitored Program being implemented during May 2019 – March
2020. The delegation appreciated the president’s pledge to recalibrate
the Program to ensure macroeconomic stability.
Focus on private sector-led growth, mitigating infrastructure gaps
and launching short term projects to restore growth are some of the
components of the grand plan. The delegation felt that against the
backdrop of a continuing general rise in poverty levels, especially in
the urban areas, the reform measures have yet to make the desired
impact. The delegation’s visits included several Bank-funded
projects, like the Post Cyclone Idai Emergency Recovery and Resilience
Programme (PCIREP), implemented in the Chimanimani district. The
project being implemented at a cost of US$ 24.7 million, focuses on
public infrastructure interventions are aimed at re-establishing
sustainable livelihoods.
