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The RBZ is in the process of recommencing on-site examinations, but due to COVID-19 operational restrictions, these will need to be undertaken remotely. The RBZ has developed a draft remote examination framework document to guide this work and requested AFS assistance to review the framework, and also provide information on how other supervisors are undertaking examinations remotely. The mission provided training on international practice of remote examinations, which was presented by supervisors from the Bank of Ghana (BOG), Bank of Thailand (BOT) and the De Nederlandsche Bank (DNB) and reviewed the draft remote examination framework document. The training covered adjustments to examination framework and operational issues and key points of consideration when undertaking examinations remotely. The mission also reviewed the RBZ consolidated examination manual, to provide feedback to the RBZ on the feasibility of undertaking supervisory examinations remotely, as described in the manual and provide points for consideration for undertaking such examination remotely.

Zimbabwe

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As a follow-up to the 2019 FSSR, a remote TA mission supported the RBZ with the implementation of Basel III liquidity standards. The mission reviewed the RBZ drafts of the LCR and NSFR frameworks, discussed identified material gaps with the BSD management and relevant supervisors, and provided many recommendations on enhancing the drafts of liquidity regulations, monitoring tools, reporting templates, and disclosure. Further actions for implementing Basel III liquidity standards were agreed with the RBZ.

Zimbabwe

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After 37 years in power, President Robert Mugabe of Zimbabwe was toppled via a military coup in November 2017. His successor and former vice president, Emmerson Mnangagwa, promised a break from Mugabe's authoritarian rule and economic mismanagement, declaring a "new Zimbabwe" that is "open for business." To what extent has Mnangagwa delivered on his promises? In this report, the author seeks to answer this pressing question by assessing Zimbabwe's political and economic reform efforts after Mugabe. In the report's conclusion, the author forecasts the country's likely trajectory over the next one to three years and offers recommendations for the international community to help support Zimbabwe's recovery. The author conducted more than two dozen semistructured interviews in Harare, Zimbabwe, and Washington, D.C., in July and August 2019. In short, although Mnangagwa has deployed flowery reform rhetoric, his administration's piecemeal actions belie any movement toward genuine political or economic reform. Repression has increased and the economy continues to sink. With the old guard and military still firmly in power — and both benefiting from perches atop the highly cartelized and patronage-based economy — genuine reform is unlikely in the next one to three years under present conditions in Zimbabwe. Politics and economics are inextricably linked in Zimbabwe, and the country will be unable to recover unless the two sectors are addressed in tandem. To help the country recover from years of mismanagement, corruption, and state violence, international actors — including the United States — would be wise to push the government in a coordinated fashion to implement genuine political, economic, and security reforms.

Political corruption --- Mnangagwa, E. D. --- 2000-2099 --- Zimbabwe --- Zimbabwe --- Zimbabwe --- Zimbabwe. --- Politics and government --- Economic conditions --- Economic policy

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White supremacy movements --- Zimbabwe --- Armed Forces.

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Nationalism --- Race relations --- Religious aspects --- Zimbabwe --- Zimbabwe --- Politics and government --- Race relations.