Publication: Zimbabwe Country Economic Memorandum: Boosting Productivity and Quality Jobs
Date
2022-10
ISSN
Published
2022-10
Author(s)
World Bank
Abstract
Despite various economic setbacks,
Zimbabwe regained lower middle-income country (LMIC) status
in 2018 and aspires to become an upper middle-income country
(UMIC) by 2030. The focus of this Country Economic
Memorandum (CEM) is to identify options for structural
reforms to help Zimbabwe accelerate economic growth and to
achieve UMIC status. This is the first CEM for Zimbabwe
since 1985 and it comes at a critical juncture along
Zimbabwe’s development path. The objective of the report is
to support and inform policy makers and stakeholders on
policies to accelerate economic growth, boost productivity,
and create high-quality jobs. In this regard, the CEM first
establishes macroeconomic stability as a necessary condition
for high and sustained growth. It then uses productivity as
an overall framing to identify key structural bottlenecks,
before providing deep-dives on informality and trade as
priority areas to address in order to unleash productivity
growth. Importantly, the report also aims to present data
about Zimbabwe’s economic performance in a systematic
fashion, focusing on the previous two decades and comparing
Zimbabwe with its peers in the region, as well as
aspirational peers globally.
Citation
“World Bank. 2022. Zimbabwe Country Economic Memorandum: Boosting Productivity and Quality Jobs. © Washington, DC. http://hdl.handle.net/10986/38224 License: CC BY 3.0 IGO.”