- Zimbabwe’s economy remains in a fragile state, with an unsustainably high external debt and massive deindustrialisation and informalisation. The average GDP growth rate of 7.5% during the economic rebound of 2009-12 is moderating. This economic slowdown is due to liquidity challenges (e.g. the lack of and high cost of capital and revenue underperformance), outdated technologies, structural bottlenecks that include power shortages and infrastructure deficits, corruption and a volatile and fragile global financial environment.
- The constrained fiscal space has forced the government to adopt a contractionary fiscal policy stance, while the use of the multi-currency regime limits the use of monetary policy instruments.
- Much remains to be done in Zimbabwe to improve the business environment. Key challenges to doing business in Zimbabwe include policy inconsistency, funding constraints, corruption, inefficient government bureaucracy and inadequate infrastructure.
Zimbabwe field office
African Development Bank Group
5th Floor Joina City
Cnr. Jason Moyo Ave/Julius Nyerere Way
Phone: (263) 4 752 917/838
Fax: (263) 4 779 398
Mr. Mateus Magala, Resident Representative
|Area:||391,000 sq km|
|Total Population 2013:||14.2 Million|
|Urban Population 2013:||39.58%|
|Female Population 2013:||50.63%|
|GDP:||US$ 10.4 Billion|
|GNI Per Capita 2013:||US$ 650|
|Crude Birth Rate (per 1000):||31.26%|
|Human Development Index (rank / 187):||172|
|Human Development Index (scale 0 to 1):||0.397|
|Cumulative Approvals (1967-2013):||UA 759.9 Million|