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development.
In a statement released last month, the World Bank said the third ISN has been prepared to swiftly respond to changes in the country context.
“The ISN has been informed by three scenarios: the status quo, enhanced re-engagement and deterioration-specific features of these scenarios, (and) current assessment of their likelihood”.
The global lender said not only was Zimbabwe resource rich, but that it had good infrastructure and tremendous potential for growth. As such, the World Bank was keen on ensuring the country benefits from all its resources including global knowledge, financial assistance and analytical work.
The World Bank pledged to work with Zimbabwe, under the status quo scenario, to support economic reforms and recovery.
Support would be rendered through dialogue and analytical work building on the success achieved during ISN2 through analytical multi donor trust fund and other forms of support.
The World Bank said if the situation improved and re-engagement is confirmed it would work with other partners to help Government develop social and economic reform programmes for arrears clearance and full re-engagement.
However, the Bretton Woods institution said under the third scenario, if the political economy deteriorates to the point where most analytical work no longer has a receptive audience the World Bank would scale back its work and staff.
Online Reporter