New World Bank report: Reversing informalisation will take years—only bold reforms…

Market stalls dominate Zimbabwe’s retail space (Photographer: Cynthia R Matonhodze/Bloomberg)

Reversing informalisation may take years, and only a broad set of policy reforms can help Zimbabwe turn tide, a new World Bank report says.

The World Bank’s Zimbabwe Public Finance Review estimates that Zimbabwe lost US$4.5 billion from its exchange rate and monetary policies between 2020 and 2023. Over that period, Zimbabwe lost taxes worth an estimated US$1.15 billion due to policies that drove the informalisation of the economy.

Source: NewZWire