World Bank

The World Bank has told President Emmerson Mnangagwa that his vision 2030 and the goal of Zimbabwe becoming an upper middle-income country (UMIC) by 2030 required reforms in several economic sectors including harmonising the informal and…
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The African Union (AU) has also suspended Sudan from the bloc over the "unconstitutional" seizure of power. The US has frozen $700m (£508m) in aid.
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Sudan, Egypt and Ethiopia kicked off Sunday the latest round of talks over Addis Ababa's controversial dam on the Blue Nile, waters critical to the two downstream nations.
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Investors on the Zimbabwe Stock Exchange (ZSE) lost a cumulative $1 billion in the week to Wednesday as stocks traded mixed amid uncertainties brought about by the Covid-19 pandemic.
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Pakistan and the IMF have reached a new agreement securing a $6 billion bailout for the cash-strapped country, officials said Sunday, following months of painstaking negotiations between the two sides.
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Zimbabwe has reached agreement with the International Monetary Fund (IMF) on a programme of economic policies and structural reforms that could pave the way to the crisis-hit country re-engaging with international financial institutions.
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Sierra Leone has cancelled a $400m (£304m) Chinese-funded project to build a new airport outside the capital Freetown.
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Diaspora remittances into the country dropped nearly seven percent in the first quarter of 2017, despite a three percent central bank incentive, official figures show.
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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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