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The World Bank has issued a new report on Zimbabwe, saying the country is at a crossroads and the decisions it takes now will decide whether the economy recovers or faces more years of decline.
By Tatenda Dewa | Harare Bureau | Guang Zhe Chen, the World Bank country director for Zimbabwe, has responded to a recent petition by Patson Dzamara, a human rights defender, calling on the global financial institution not to resume support to the country. Dzamara’s petition followed reports that the World Bank was on the verge […]
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 — and broken. Elections in Zimbabwe are as farcical as the inflation […]
By Ed Cropley Human rights groups slammed the World Bank on Thursday over an internal report on Zimbabwe that suggested it would be a sign of “political development” for the country if its poor human rights record did not get any worse. In the leaked July 27 document, seen by Reuters and reported by some […]
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 reported in some media, Zimbabwe is not currently eligible for financing under IDA’s turnaround facility. The Zimbabwe Turnaround […]
Zimbabwe does not qualify for debt relief under the Heavily Indebted Poor Countries (HIPC) strategy, because it has capacity for a sustainable economic recovery, a World Bank official said on Friday.