AfDB Applauds Zimbabwe’s Economic Reforms, Pledges Continued Support

The African Development Bank (AfDB) has commended the Government of Zimbabwe for implementing far reaching economic reforms that have created a more favourable environment for investment and sustained economic growth.

AfDB Executive Director for the Southern Africa Group II constituency, Dr Eugenio Maria Paulo, expressed the Bank’s satisfaction with Zimbabwe’s progress following a meeting with the Minister of Foreign Affairs and International Trade, Professor Amon Murwira, in Harare on Wednesday.

Dr Paulo said the ongoing economic reforms have positioned Zimbabwe among the region’s fastest growing economies, noting that the country’s policy consistency and focus on macroeconomic stability have begun to yield tangible results.

“Our discussions focused on strengthening bilateral cooperation between Zimbabwe and the African Development Bank. We had fruitful engagements and identified key areas where collaboration can help move the nation forward,” said Dr Paulo.

He added that the AfDB remains optimistic about Zimbabwe’s economic trajectory and continues to applaud the government’s efforts to consolidate growth, promote competitiveness, and enhance investor confidence across critical sectors such as agriculture, manufacturing, mining, and infrastructure development.

Professor Murwira, on his part, said Zimbabwe valued the partnership with the AfDB and appreciated the institution’s continued technical and financial support towards the country’s development agenda.

“The Government remains committed to deepening cooperation with the Bank as we pursue Vision 2030, which seeks to transform Zimbabwe into an upper middle-income economy. The AfDB’s support has been crucial in helping us strengthen productive sectors and improve the livelihoods of our people,” said Professor Murwira.

The AfDB has over the years supported Zimbabwe through various infrastructure and capacity building projects, including the rehabilitation of water and sanitation systems, energy sector upgrades, and agricultural modernisation programmes.

Analysts say the Bank’s renewed confidence signals growing international recognition of Zimbabwe’s reform efforts, particularly in stabilising the currency, improving fiscal discipline, and restoring investor trust.

As the country continues its engagement and re-engagement drive, partnerships with institutions such as the AfDB are expected to play a pivotal role in unlocking new funding opportunities and accelerating sustainable growth.