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Zimbabwe: Country Brief 2019-2020 combined with Country Portfolio Performance Review (CPPR)

18-Jul-2019

The Country Brief (CB) 2019-2020 is a short-term programming framework for the Bank’s operational activities in Zimbabwe. This is in accordance with the Bank’s Operational Guidelines of the Transition Support Facility (TSF). Its objectives are to update the Board of Directors on recent political and economic developments in the country, articulate challenges, opportunities and lessons to guide the Bank’s future operations. It builds on the achievements of the CB 2013-2016 (initially approved in 2013) to provide a programming framework for the period 2019-2020, and makes a case for the country’s eligibility to access resources under ADF-14 and 15.

It should be noted that the country had no new strategy between end December 2016 and December 2018, pending finalization of discussions on arrears clearance. In 2016, an Interim Strategy Paper was prepared in anticipation of arrears clearance by the end of that year. However, following lengthy negotiations with the government and failed meeting of targets to clear the arrears, Management made a decision to prepare a new CB starting with a completion report for the previous CB, which was endorsed by CODE on 16th November 2018.

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