The Zimbabwean economy, which has registered a 25.2% growth since 2009, wields great potential for sustained growth and poverty reduction, the World Bank has said.
The multilateral lender said this in a report for its interim strategy note designed for Zimbabwe covering the period 2013-2015.
Through ISN the bank seeks to help rejuvenate tiring economic growth by fostering private sector-led growth, strengthening core systems of public sector management, reducing vulnerabilities and supporting human development.
But the growth is now under serious threat from lack of competitiveness due to old equipment, high cost of utilities (power, water), elusive capital, high cost of funding and labour, the report said.
- herald
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