Finance minister signals confidence in global growth

Zimbabwe’s Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, yesterday, expressed strong confidence in both global and domestic economic growth prospects on the sidelines of the World Economic Forum (WEF) 2026 in Davos, Switzerland.

Addressing a select group of stakeholders, Prof Ncube said Zimbabwe’s economy is demonstrating resilience and renewed momentum, underpinned by ongoing reforms and clear policy direction.

“We are optimistic about the trajectory of our domestic economy. Our reforms are beginning to bear fruit, and we are now seeing improved performance in key sectors that support growth and employment,” he said.

The Minister said the country is also watching global economic signals closely, noting that the international environment presents opportunities for emerging markets.

“Globally, we are seeing pockets of recovery and growth. While there are still challenges, particularly in terms of inflation and supply chain disruptions, the outlook is generally positive,” Prof Ncube said.

He emphasised that Government’s economic strategy remained anchored on fiscal discipline, investment promotion, and strengthening the private sector.

“Our focus is to maintain macroeconomic stability while creating an enabling environment for investors. We are committed to ensuring that policies are predictable, transparent and supportive of business growth,” he said.

Prof Ncube further identified health financing as a key priority area, describing it as critical for sustaining economic growth and protecting citizens from financial shocks.

 “Health is not only a social issue but an economic one. We cannot have sustainable growth if our people are not healthy.

“As a Government, we are prioritising health financing to ensure that our healthcare systems are resilient, accessible and adequately funded,” he said.

He added that Government is exploring innovative financing mechanisms to boost investment in the health sector.

 “We are looking at various options, including public-private partnerships, health insurance schemes, and targeted budget allocations, to strengthen the financing of our health systems.

“This will help us reduce the burden of out-of-pocket expenses on households and improve service delivery,” Prof Ncube said.

The Minister also noted that Zimbabwe is working to align its health financing agenda with broader development goals.

 “Our approach is to integrate health financing into our overall economic development plan. This ensures that health investments contribute to productivity, human capital development, and long-term growth,” Prof Ncube said.

The World Economic Forum annual meeting brings together global leaders from government, business and civil society to discuss economic trends, policy direction and investment opportunities. Zimbabwe has increasingly used the platform to engage international partners and attract investment in key sectors.

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