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Official flag of The Republic of Zimbabwe
The Republic of Zimbabwe (formerly South Rhodesia (1911-1964, 1979-1980), Rhodesia (1964-1979), and Zimbabwe Rhodesia (1979)) is a landlocked country locked in the southern region of Africa.[1] It shares borders with The Republic of South Africa, Botswana, Zambia, and Mozambique.[1] Upon gaining independence in 1980, the new regime (under Robert Mugabe), sought to replace many of the institutions established by the previous white rule.[1] Many of the new regime's actions, like land reform and involvement in The Democratic Republic of the Congo's civil war, have been the source of the state's economic [1] failure.
The World Bank Group currently estimates that extreme poverty has risen from 29% to 34% from 2018-2019 (4.7 million to 5.7 million).[2] The production of food was weakened by an El Niño-induced drought, as well as Cyclone Idai affecting three sectors that accounted for 30% of Zimbabwe's agricultural production.[2] As a result, the World Bank estimates that one out of every ten rural households are going without food for an entire day.[2] Since 2018, the production of minerals in Zimbabwe have decreased by 27%, and agriculture has decreased by approximately 50%.[3] Other issues such as shortages in foreign currency, fuel, and electricity have contributed to the country's economic failure.
Graph of the inflation rate of Zimbabwe's bond currencies for 2018 to 2019.
Inflation is also a large issue for Zimbabwe, reaching 230% in July 2019 from 5.4% in September of 2018.[2] Food prices have risen 319% and non-food inflation has reached 194% since 2018.[2] Current World Bank Group and International Monetary Fund involvement is done in hope that the government can adjust their fiscal practices in order to alleviate the cost its citizens are paying. However, the World Bank fears that political and social pressure will exacerbate Zimbabwe's macroeconomic instability.[2]
affecting three sectors that accounted for 30% of Zimbabwe's agricultural production. As a result, theWorldBank estimates that one out of every ten rural households...
Zimbabwe (/zɪmˈbɑːbweɪ, -wi/; Shona pronunciation: [zi.ᵐba.ɓwe]), officially the Republic of Zimbabwe, is a landlocked country in Southern Africa, between...
the Rhodesian dollar at par in 1981, one year after the proclamation of independence. The Reserve Bank of Zimbabwe issued most of the banknotes and other...
reduced the Zimbabwean dollar to one of the lowest valued currency units in theworld. It was redenominated three times (in 2006, 2008 and 2009), with...
released by theWorldBank Group. They were ranked high for ability to get credit (ranked 85) and protecting minority investors (ranked 95). Zimbabwe's internal...
TheWorldBank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known...
TheZimbabwean Domestic Twenty20, formerly known as the Stanbic Bank Twenty20 andthe Metropolitan Bank Twenty20, is the domestic Twenty20 cricket competition...
The government of Zimbabwe is the main provider of air, rail and road services; historically, there has been little participation of private investors...
The stone-carved Zimbabwe Bird is the national emblem of Zimbabwe, appearing on the national flags and coats of arms of both Zimbabweand former Rhodesia...
The Infrastructure Development Bank of Zimbabwe (IDBZ) is a government-owned development bank in Zimbabwe, mandated to fund long and medium term funding...
Pools Great Zimbabwe Khami Victoria Falls Matobo Hills The United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites...
White Zimbabweans are Zimbabwean people of European descent. In linguistic, cultural, and historical terms, these Zimbabweans of European ethnic origin...
Zimbabwe is a landlocked country in southern Africa lying north of the Tropic of Capricorn. During summer, the whole country experiences warm temperatures...
Metbank Pro50 Championship andthe Stanbic Bank 20 Series in Zimbabwe. In July 2019, the ICC suspended Zimbabwe Cricket, with the team barred from taking...
Zimbabwe Rhodesia (/zɪmˈbɑːbweɪ roʊˈdiːʒə, zɪmˈbɑːbwi roʊˈdiːʒə/), alternatively known as Zimbabwe-Rhodesia, also informally known as Zimbabwe or Rhodesia...
The Reserve Bank of Zimbabwe began to release Zimbabwean bond coins on 18 December 2019. The coins are supported by a US$50 million facility extended to...
The national flag of Zimbabwe consists of seven even horizontal stripes of green, gold, red and black with a white triangle containing a red five-pointed...
become Zimbabwe was populated by ancestors of the San people. Bantu inhabitants of the region arrived and developed ceramic production in the area. A...
TheZimbabwe National Army (ZNA) is the primary branch of theZimbabwe Defence Forces responsible for land-oriented military operations. It is the largest...
the capital and largest city of Zimbabwe. The city proper has an area of 982.3 km2 (378.7 mi2), a population of 1,849,600 as of the 2022 census and an...
Africa, became a member of theWorldBank on July 24, 1968. Since shortly after Botswana gained independence in 1966, theWorldBank has supported Botswana's...
on the border of Nepal and China Parícutin volcano, located in the state of Michoacán, Mexico Victoria Falls, on the border of Zambia andZimbabwe In...
1959) is a former Governor of the Reserve Bank of Zimbabwe, serving from 2003 to 2013, and is the former CEO of the CBZ Bank Limited. Gono became known internationally...
1979 in the unrecognised country of Rhodesia (later Zimbabwe-Rhodesia and now Zimbabwe). The conflict pitted three forces against one another: the Rhodesian...
Air Zimbabwe (Pvt) Ltd (operating as Air Zimbabwe) is the national carrier of Zimbabwe, headquartered on the property of Robert Gabriel Mugabe International...
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