World Bank Says Zim Not Reforming Fast

5 years agoTue, 16 Apr 2019 04:31:25 GMT

The World Bank claims that Zimbabwe’s reform process is not moving fast enough in regard to the ease of doing business.

This was said by World Bank country coach for Zimbabwe, Eric Zinyengere. He said:

We are not reforming as fast as we would like. The target has been each year that we improve the doing business environment and get a better ranking.

Certainly, we hope that as we move through the next couple of years we will move towards the double-digit figure rather than a three-digit figure, but there is no specific target there that we must be number this.
We aim to improve our distance to the frontier and get better.
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We believe that the fact that the highest office in the country is concerned about the ease-of-doing-business, policy inconsistencies should become a thing of the past.
We have seen more laws enabled in the shortest time than before like the Insolvency Act, the Estate Administrators Act and the Deeds Registries Act.
All these laws have been pending for quite a while, but for the past two years, all have been passed which shows that there is a drive to improve the ease of doing business environment.