Let’s heed World Bank’s wise counsel

Late former United States President Woodrow Wilson once said: “Wisdom comes with counsel, with the frank and free conference of untrammelled men united in the common interest.”

We are reminded of these wise words by the World Bank (WB)’s latest assessment of Zimbabwe’s economic performance in its Zimbabwe Country Economic Memorandum (CEM) launched in Harare this week.

In the CEM the WB says Zimbabwe’s overall economic growth has largely been sluggish because of, but not limited to, poor economic policies and an informal sector that is too large for any meaningful purpose.

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