THE World Bank says Zimbabwe has a great potential to prosper as it has a skilled workforce and infrastructure which is better than most countries.
This comes after the International Monetary Fund (IMF), last week, said Zimbabwe’s economy would grow by 3,2 percent this year and next year despite the impact of the devastating El-Nino induced drought. In its latest April update, the World Bank said Zimbabwe had ingredients needed to grow an economy. “Zimbabwe has strong foundations for accelerating future economic growth and improving living standards. Private sector-led growth is critical to maximise the country’s potential.”
For decades after independence, Zimbabwe was one of the countries with the highest living standards in Africa—buttressed by a skilled workforce and infrastructure superior to most countries.