World Bank ready to assist Zimbabwe

By Bernard Mutambudzi

World Bank technical expert, Ms Svetlana Bagaudinova says the bank is ready to assist Zimbabwe in reforming the business sector.

Speaking at Stakeholders meeting dubbed “The Doing Business Reform in Zimbabwe” in Harare today, Bagaudinova said Zimbabwe had marginally improved on the Ease of Doing Business and was now 155 out of 190 countries.

“Zimbabwe has neighbors such as Zambia, Kenya and Rwanda that have made significant strides in reforming the Ease of Doing Business environment, so it’s possible for it to improve also,” she said.

She said the country was working on many reforms.

Some of the measures that have been put in place in a bid to assist the country’s ease of doing business environment is the training of lawyers in the Insolvency law.

One stakeholder who attended the meeting, Eric Zinyengere said, “The process of winding up operations for failed companies has been speeded up so as to allow for ventures into new sectors. There is no need to spend four years winding up operations as that stagnant many things.”

He said the speed of reform has not been as fast as we would like but the reforms are moving in the right direction.

Zinyengere said, “We need the support of policy makers, it wasn’t there in the initial stages but it has increased after the new government came in and it shows a certain level of support" He said Zimbabwe is trying to learn from Rwanda. “In the Second Republic, reforms are being looked at vigorously,” said Zinyengerere. “Policy inconsistencies will be a thing of the past as the highest office in the land has shown increased concern with Ease of Doing Business reforms,” said Zinyengerere.

Winne Moyo said, “Zimbabwe has done quite a lot on transparency side of Government administration. Thumbs up to the Second Republic.”