By Stanely James Business Editor
THE World Bank has appointed Ms Marjorie Mpundu as the new country manager for Zimbabwe effective this month. The global institution said in a press release the new country manager is being tasked with a continuous effort in the reengagement plan with Zimbabwe.
She has also been tasked with focusing on the implementation of current development projects, technical assistance to Zimbabwe and private sector funded projects.
“The World Bank is currently administering the Zimbabwe Reconstruction Fund (ZIMREF) that was established in 2014 to strengthen the country’s systems for reconstruction and development. ZIMREF has multi-sectoral projects that support the business environment, gender, education, public financial management, climate change, state owned enterprises and poverty monitoring. The $150 million World Bank Country portfolio also includes the Zimbabwe Idai Recovery Project, the Health Sector Development Project and the Kariba Dam Rehabilitation Project. The portfolio also includes the IFC’s advisory programs, namely the Victoria Falls Tourism Destination Program, Health Care Quality Assurance Assessment and Zimbabwe Warehouse Receipts Program,” read the press release.
“Zimbabwe, like other countries, continues to bear the impacts of the COVID-19 pandemic and requires strategic support to save lives, protect livelihoods, enhance economic growth, and improve social sectors. Thus, our work through technical and financial assistance will seek to respond to these diverse challenges while contributing to economic growth and poverty reduction, with emphasis on post-COVID recovery,” says Marjorie Mpundu, World Bank Country Manager for Zimbabwe.
The World Bank is one of the global development partners that has endorsed ongoing economic reforms by the second republic . It is also projecting a positive economic growth for Zimbabwe this year.
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