The Board of Directors of the African Development Bank has approved a $13.7 million grant to finance the COVID-19 response in Zimbabwe. The funds will provide an immediate lifeline for targeted frontline responders and health personnel and boost the country’s Global Health Security Index in the wake of the novel coronavirus pandemic.
- The Republic of Zimbabwe through the Ministry of Finance and Economic Development (MOFED) (hereinafter the Recipient) will implement the Zimbabwe Recovery and Resilience Project (hereinafter the Project), with the involvement of the following Ministries: (a) the Ministry of Public Service, Labor and Social Welfare and (b) the Ministry of Local Government, Public Works and National Housing. The International Bank for Reconstruction and Development/International Development Association (hereinafter the Bank) has agreed to provide financing for the Project.
The Mint Special Pre-Davos interview with Professor Mthluli Ncube: Visit the video.
Government will introduce a number of derivatives and investments assets by the end of the first quarter, which will help soften pension funds’ skewed investments in the equities market and property sector. These entities’ investment in properties currently means their funds are tied down for near-term obligations.
Zimbabwe Finance Minister Discusses Food Shortage, Economy: Visit the video here