Business Reporter
The New Dispensation's policy reforms are bearing fruit in every sector of the economy. This was revealed through positive reviews from leading think tanks across the globe.
Recently, the World Bank projected a 3.9% Gross Domestic Product (GDP) growth in Zimbabwe for the year 2021. This was revealed by the World Bank Zimbabwe Economic Update (ZEU), crediting the successful summer cropping season 2020/21 for the growth.
The economy is expected to further strengthen into 2021 by a 5% growth, this was attributed to the implementation of the National Development Strategy (NDS1 2021 to 2025) and subsequent rolling out of vaccine to reach heard immunity.
Whilst, the International Monetary Fund (IMF) doubled its focus for economic growth in Zimbabwe projecting a 6% growth as compared with 3.1% previously predicted. This has been credited to a great harvest owing to good rains during the 2020/21 farming season.
Zimbabwe has been working hard to ensure economic stability, by ensuring that it builds investor confidence by implementing workable policies that can pull investors to invest in Agriculture, Mining and the Tourism sectors
Meanwhile, Zimbabwe has been leading in its inoculation drive with a goal to reach herd immunity and has done justice to the figures. It has also started to receive foreigners and Zimbabweans in the diaspora flying in to pay to be vaccinated. This has brought a boost to Zimbabwe’s medical tourism.
Speaking during a parliamentary session in Australia, parliamentarians acknowledged that Zimbabwe is doing better in terms of vaccination than most developed countries.
“The Prime Minister promised, Australians were at the front of the queue for vaccines. But today, Victorians wanting to get their first Pfizer jab are being turned away because there are no vaccines, they have run out....
“...the Prime Minister promised 22 million vaccines would be done by now but today only 2.7% of Australians have been fully vaccinated.
He added saying “Zimbabwe is doing better,” he concluded
The country brighter prospects are even frustrating the country’s detractors such as the MDC Alliance and Todd Moss who erroneously keeps thinking Zimbabwe will continue to be burdened by sanctions to a point of free fall.
