Pressure Mounts on Zimbabwe as AfDB Chief Advocates for Economic Reforms

Zimbabwe is currently facing intensified pressure to implement crucial economic reforms, according to the African Development Bank (AfDB) President, Akinwumi Adesina. During a recent visit to the country, Adesina emphasized that the time has come for Zimbabwe to take definitive steps towards reforming its economy in order to unlock financial support and foster sustainable growth. This comes at a critical juncture as the nation grapples with numerous economic challenges that have plagued it for decades, including rampant inflation, unemployment, and a struggling currency.

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AfDB Explores Investment in New African Credit Guarantee Ventures to Boost Financial Access

In addition, AfDB has announced that it may increase its stake in other credit guarantee enterprises in Africa to ensure better financial access and economic growth. This is intended to be an enabling environment for the businesses, especially the small and medium-sized ones.

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