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Zimbabwe - Country economic memorandum (English)

The economy of Zimbabwe has excellent development potential and, with the exception of distribution of income and assets, performance of the economy has been good. Success in generating productive employment will be a most important indicator of progress to more equitable growth in the country, but the magnitude of the employment problem is huge. Both the number of new jobs and the average productivity of African workers must increase significantly. Several key macro-issues face the government, including large budget deficits, resources allocation, and income distribution. Agriculture will undoubtedly be the major focus of efforts to restructure the economy. The issues concern: (i) choice between improving tribal trust land areas, expanding smallholder rainfed settlement, or increasing labor-intensive irrigation project; (ii) land tenure; (iii) producer and consumer pricing and the role of private investment; and (iv) the adequacy of technical knowledge and trained personnel to expand smallholder agriculture. The manufacturing and mining sectors should assist in achieving the goal of increasing employment and productivity. Railway and road transport as well as energy resources should be developed. Provision of basics needs services should be expanded.




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Zimbabwe - Country economic memorandum (English). Washington, D.C. : World Bank Group.