The African Development Bank (AfDB) has commended the Government of Zimbabwe for its ongoing economic reforms, which have created a more stable environment for investment and positioned the country among the fastest-growing economies in the region.
AfDB Executive Director for the Southern Africa Group II constituency, Dr Eugenio Maria Paulo, expressed the Bank’s optimism about Zimbabwe’s economic trajectory following a courtesy call on the Minister of Foreign Affairs and International Trade, Professor Amon Murwira, in Harare yesterday.
Dr Paulo praised the reform measures being implemented under the Second Republic, noting that they have strengthened fiscal discipline, promoted private-sector participation, and supported macroeconomic stability, all of which are key drivers of sustainable growth.
“Our discussions focused on strengthening bilateral cooperation. We had fruitful engagements and identified areas that can help take the nation forward. The Bank remains optimistic about Zimbabwe’s economic prospects and continues to applaud Government efforts to consolidate growth and enhance confidence across key productive sectors,” said Dr Paulo.
He added that the AfDB remains committed to working closely with Zimbabwe in areas such as infrastructure development, agriculture, renewable energy, and private-sector financing, which are central to achieving Vision 2030, the national blueprint to attain upper-middle-income status.
In his remarks, Professor Murwira thanked the AfDB for its continued support to Zimbabwe’s development agenda, highlighting that Government’s reform initiatives are focused on creating long-term economic stability and improving the livelihoods of citizens.
“The ongoing reforms are designed to build a resilient, inclusive, and competitive economy. We value the AfDB’s partnership, which complements our efforts to drive industrialisation, enhance productivity, and attract sustainable investment,” said Professor Murwira.
The AfDB has been a key partner in Zimbabwe’s economic transformation drive, funding projects in energy, water, transport, and governance. Through its Zimbabwe Country Strategy Paper, the Bank continues to align its support with national priorities aimed at accelerating growth and strengthening institutional capacity.
As the country continues to implement its reform roadmap, the AfDB’s endorsement underscores growing international confidence in Zimbabwe’s economic direction, a sign that the nation’s recovery and modernisation efforts are beginning to bear fruit.
