FY25-FY26 Country Engagement Note - Republic of Zimbabwe

Jul 19, 2026

Upload by Liam

Country Engagement Note for Zimbabwe covering FY25–FY26 outlines the country context, development priorities, and the World Bank Group engagement approach. It summarizes political, social and fragility conditions, recent economic developments, poverty profile, and key development challenges. The note presents the proposed WBG country engagement strategy, government program alignment, objectives supported by the WBG program, implementation arrangements for the CEN, and a framework for managing risks. It also includes annexes such as the results matrix, advisory services and analytics, program outcomes, debt and arrears context, and stakeholder consultations.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages27

Reading Time1 h 8 min

I. INTRODUCTION

II. COUNTRY CONTEXT AND DEVELOPMENT AGENDA

Political, Social and Fragility Context

Recent Economic Developments

Poverty Profile

Main Development Challenges

III. WORLD BANK GROUP COUNTRY ENGAGEMENT STRATEGY

Government Program and Medium-term Strategy

Proposed WBG Country Engagement Strategy

Objectives Supported by the WBG Program

Implementing the CEN

IV. MANAGING RISKS TO THE CEN PROGRAM

Annex 1: CEN Results Matrix

Annex 2: Advisory Services and Analytics in the CEN period

Annex 3: Highlighted Recent WBG Program Outcomes

Annex 4: Zimbabwe’s Debt and Arrears Context

Annex 5: Stakeholder Consultations

Public Disclosure Authorized Public Disclosure Authorized Document of The World Bank Group FOR OFFICIAL USE ONLY INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION INTERNATIONAL FINANCE CORPORATION MULTILATERAL INVESTMENT GUARANTEE AGENCY COUNTRY ENGAGEMENT NOTE FOR THE REPUBLIC OF ZIMBABWE FOR THE PERIOD FY25-FY26 September 10, 2024 Country Department AECE1 Eastern and Southern Africa Region The International Finance Corporation Eastern and Southern Africa The Multilateral Investment Guarantee Agency This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank Group authorization. The date of the last Interim Strategy Note was March 6, 2013 CURRENCY EQUIVALENTS Exchange Rate Effective September 9, 2024 Currency Unit = Zimbabwe Gold (ZWG) 13.9236 ZWG = US$1 FISCAL YEAR July 1 – June 30 ABBREVIATIONS AND ACRONYMS AfDB ASA BCM CCDR CEM CEN CPSD DSA EIB ETM FCV FLID GCF GDP GEF GFF GoZ IBRD IFC IFI IFMIS IPP ISPMIS African Development Bank Advisory Services and Analytics Billion Cubic Meters Country Climate and Development Report Country Economic Memorandum Country Engagement Note Country Private Sector Diagnostic Debt Sustainability Analysis European Investment Bank Energy Transition Minerals Fragility, Conflict and Violence Farmer-led Irrigation Development Green Climate Fund Gross Domestic Product Global Environmental Facility Global Financing Facility Government of Zimbabwe International Bank for Reconstruction and Development International Finance Corporation International Financial Institution Integrated Financial Management and Information Systems Independent Power Producer Integrated Social Protection Management Information System MIGA MoFED MSME NDS PICES PPP QFO RBZ SADC SME SMP SOE SPF TA US$ WASH WBG ZIDA ZiG ZWG ZIMREF ZISET ZWL Multilateral Investment Guarantee Agency Ministry of Finance and Economic Development Micro, Small and Medium Enterprises National Development Strategy Poverty, Income, Consumption and Expenditure Surveys Public-Private Partnership Quasi-fiscal Operations Reserve Bank of Zimbabwe Southern African Development Community Small and Medium Enterprises Staff Monitored Program State-owned Enterprise State and Peacebuilding Fund Technical Assistance United States Dollar Water, Sanitation and Hygiene World Bank Group Zimbabwe Investment and Development Agency Zimbabwe Gold Zimbabwe Gold (Official Currency Code) Zimbabwe Reconstruction Fund Zimbabwe Socio-Economic Transformation Zimbabwean Dollar | | World Bank | IFC | MIGA | | --- | --- | --- | --- | | Vice President: | Victoria Kwakwa | Sérgio Pimenta | Ethiopis Tafara | | Director: | Nathan Belete | Claudia Conceicao | Sebnem Erol Madan | | Task Team Leader(s): | Eneida Fernandes; Fadzai Mukonoweshuro | Vasco Nunes; Marcos Vaena | Jessica Charles Wade | FY25-FY26 COUNTRY ENGAGEMENT NOTE FOR THE REPUBLIC OF ZIMBABWE Table of Contents I. INTRODUCTION ..........................................................................................................................1 II. COUNTRY CONTEXT AND DEVELOPMENT AGENDA ......................................................................1 Political, Social and Fragility Context........................................................................................................ 1 Recent Economic Developments .............................................................................................................. 3 Poverty Profile .......................................................................................................................................... 4 Main Development Challenges.......................................

FAQs

What period does the Zimbabwe Country Engagement Note cover?

The note covers the period FY25–FY26.

Which topics are covered under country context and the development agenda?

It covers political, social and fragility context, recent economic developments, poverty profile, and the main development challenges.

What does the document propose for the World Bank Group engagement strategy?

It describes alignment with the government program and medium-term strategy, a proposed WBG country engagement strategy, supported objectives, and how the CEN will be implemented.

Jul 19, 2026

Upload by Liam