Zim backs Africa’s push for new development financing order

Zimbabwe has reaffirmed its commitment to economic reform, debt resolution and sustainable development at the ongoing African Development Bank (AfDB) Group Annual Meetings in Brazzaville, Republic of Congo which are running from the 26th to the 29th of May 2026.

In a statement, the Ministry of Finance, Investment Promotion and Economic Development said the gathering has drawn Heads of State and Government, Ministers of Finance, Central Bank Governors, investors, development institutions and policymakers from across Africa and beyond to deliberate on the continent’s development priorities amid growing global economic uncertainty.

“The discussions are focusing on strengthening partnerships, addressing financing challenges, enhancing food and energy security, and advancing a new financing architecture that supports regional integration and value addition under the African Continental Free Trade Area,” the ministry said.

The ministry added that Zimbabwe is using the platform to reaffirm its commitment to ongoing economic reforms and international re-engagement efforts aimed at restoring investor confidence and accelerating economic recovery.

“Zimbabwe remains committed to economic reform, international re-engagement and sustainable development through the ongoing Arrears Clearance and Debt Resolution Process and the implementation of the IMF Staff Monitored Programme.

The IMF Staff Monitored Programme seeks to strengthen macroeconomic stability, improve investor confidence and promote inclusive economic growth,” the Ministry noted.

The ministry further acknowledged the role being played by the African Development Bank Group through the Structured Dialogue Platform in supporting Zimbabwe’s economic transformation agenda.

“Through the Structured Dialogue Platform, the AfDB continues to provide financial and technical support towards Zimbabwe’s debt resolution and economic transformation agenda,” the statement said.

The annual meetings come at a time when African countries are increasingly seeking innovative financing solutions to address debt pressures, climate change impacts, infrastructure deficits and rising food insecurity while accelerating regional trade and industrialisation under the African Continental Free Trade Area.

Zimbabwe has intensified efforts to normalise relations with international financial institutions and creditors through the Arrears Clearance and Debt Resolution Process spearheaded with the support of the African Development Bank and other development partners.

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