AfDB, UN and World Bank launch Needs Assessment Report to spur economic recovery
The African Development Bank, United Nations and World Bank Group recently launched the Zimbabwe 2019 Joint Needs Assessment Report. The study, the first to be prepared jointly in Zimbabwe by the three organisations, was produced after the Government of Zimbabwe requested them to assess the scope of challenges and needs.
The southern African nation has engaged on a path to accelerate policy and legal reform for economic recovery and inclusive growth. This includes investments in quality social services; social cohesion and peace; improved governance; and re-engagement with the international community.
The report estimates that Zimbabwe will require %16 billion to restore infrastructure and support governance and other institutional reforms. Most of the resources would be needed for physical infrastructure, with roads accounting for $7.5-billion. Social services, including education and health, account for $3.4-billion of the target.
The report produced after intensive consultations with various government agencies, the private sector, civil society and development partners was prepared following a request from the government. The new government has been seeking to re-engage fully with the international community, attract foreign direct investment (FDI), and restore confidence in politics, governance and the economy of the country.
The full report can be downloaded here