World Bank warns Zimbabwe against rush to make ZiG sole currency
The World Bank cautioned Zimbabwe against rushing to end the use of dollars in the economy as it could trigger capital flight.
Zimbabwe sheds ‘fragile economy’ label
The World Bank has delisted Zimbabwe from the fragile and conflict-affected economies, a move the country embraced saying it “reinforces the positive narrative around its economic and institutional reform trajectory”.
World Bank sees stronger Zimbabwe growth outlook
Zimbabwe’s economy could grow faster than previously forecast this year, supported by lower inflation, strong mining performance and continued economic reforms, according to the World Bank.
SA secures R24.76bn World Bank loan to boost infrastructure
South Africa has secured a $1.5 billion (R24.76 billion) World Bank loan to help modernise the country’s infrastructure and create hundreds of thousands of jobs in the continent’s largest economy.
World Bank says two-thirds of economies face hit from Iran war
The World Bank cut its outlook for global growth this year and said two-thirds of economies have seen prospects deteriorate as the Middle East war disrupts commodity flows and raises the cost of imports.
World Bank trims Zim growth outlook amid global headwinds
The adjustment reflects mounting geopolitical pressures, particularly tensions in the Middle East, alongside persistent structural challenges and rising debt-servicing obligations that continue to weigh on the country’s economic trajectory.
IMF, World Bank, IEA coordinate to curb economic fallout of the Iran war
“The impact is substantial, global, and highly asymmetric, disproportionately affecting energy importers, in particular low-income countries,” according to a statement from the heads of the three institutions.