HARARE, Feb. 1 (Xinhua) -- The World Bank (WB) has warned that climate change could erode up to 12 percent of Zimbabwe's gross domestic product (GDP) annually if the country does not implement robust measures to tackle the phenomenon. In its latest Zimbabwe economic update report launched ...
The World Bank has helped Zimbabwe to fight poverty and improve living standards. To date, the Bank has approved 19 International Bank of Reconstruction and Development (IBRD) loans and 14 International Development Association (IDA) credits, totalling US$1.55bn.Mbakwe, Tom...
The World Bank says Zimbabwe’s economy grew by 5,1 percent in 2021, a significantly higher estimate than the bank’s earlier projection 3,9 percent, a position which affirms the economy’s strong growth potential despite the Covid-19 pandemic. Zimbabwe’s resilient economy is firmly on a ...
26 (Xinhua) -- The World Bank (WB) will soon send a team to Zimbabwe to conduct a needs assessment exercise in preparation for possible new funding for the country, the state-run Business Weekly reported Friday. This came after Zimbabwean President Emmerson Mnangagwa on Thursday met with WB...
The World Bank has commended the Government’s economic revival framework and noted that Zimbabwe is poised to register economic
The World Bank, a global financial institution, has urged Zimbabwe to establish an insurance scheme for workers in the informal sector. The recommendation includes utilizing the mobile money ecosystem as a safety measure to protect vulnerable groups in the country.An analysis revealed the diverse ...
The World Bank has commended the Government's economic revival framework and noted that Zimbabwe is poised to register economic growth this year despite a raft ...
Zimbabwe became a member of both the World Bank and IMF shortly after independence in 1980. It is therefore one of their newest members, although followed by Mozambique and Angola which were in effect forced into membership as a result of the failure (or destruction) of their early socialist ...
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Thus, World Bank data demonstrates that there has been progress in some important development indicators such as literacy and longevity, and access to technology. As well, in many areas, there has been significant success in reducing poverty and improving living conditions. Nonetheless, disparities ...