World Bank

Revenue collection by Zimbabwe’s urban councils dropped to 52 percent last year, from 60 percent the previous year, according to a World Bank-sponsored Service Level Benchmarking (SLB) annual report released a fortnight ago.
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The World Bank (WB) has confirmed that the country’s economy is dying, slashing the economic growth from 3,8 percent to 2,5 percent in yet another dose of bad news for the millions of long-suffering Zimbabweans who are struggling to make…
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Zimbabwe has secured a syndicated loan put together by the African Export-Import Bank that will enable it to clear US$1,7 billion of arrears with the World Bank and African Development Bank.
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By Ndakaziva Majaka President Robert Mugabe’s stone-broke government last year exceeded its expenditure by a jaw-dropping $1,2 billion, with foreign travels chewing nearly $45 million, new figures reveal. Figures from the…
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By Max Bearak | Washington Post | There are two things that most outsiders know about Zimbabwe: One man, Robert Mugabe, has run the country for what seems like forever (36 years to be exact), and his regime has left the country broke --…
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The World Bank Group is committed to work with all partner countries, including Zimbabwe, to achieve their long term development goals. We care deeply about the well-being of the people of Zimbabwe. Contrary to what has been…
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HARARE - The World Bank (WB) says Zimbabwe must quickly reduce its “huge wage bill” as it is affecting infrastructure development in the country.
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GOVERNMENT on Wednesday said it would dispatch a high level team of officials to three European capitals to appraise key creditors about the country’s dire economic situation as efforts to find a solution to a debt crisis intensifies.
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