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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.
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Zimbabwe experienced severe exogenous shocks (cyclone Idai, protracted drought, and the COVID-19 pandemic) during 2019-20, which along with policy missteps in 2019, led to a deep recession and high inflation. Real GDP contracted cumulatively by 11.7 percent during 2019-20 and inflation reached 837 percent (y/y) by July 2020. Reflecting good rainfall and relaxation of containment measures, real GDP rose by 6.3 percent in 2021. A tighter policy stance since mid-2020 (relative to 2019) has contributed to reducing inflation to 60.7 percent (y/y) at end-2021. However, high double-digit inflation and wide parallel foreign exchange (FX) market premia persist. The economic downturn and high inflation increased the financial system vulnerabilities. Extreme poverty has risen and about a third of the population is at risk of food insecurity. The international community seeks improvements in domestic political conditions and economic policies to initiate reengagement with Zimbabwe. The authorities have started token payments to external creditors in a bid to revive international reengagement.
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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.
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At the request of the Reserve Bank of Zimbabwe (RBZ), the Monetary and Capital Markets (MCM) Department conducted a virtual mission from May 3 to June 10, 2022 to assist the RBZ on strengthening consolidated supervision framework. The main focus was to support the RBZ in updating the RBZ consolidated supervision framework, enhancing prudential reporting on a consolidated basis, strengthening the assessment of banking group’s risks, and intensifying cross-border and interagency cooperation.
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As a nation with highly variable and limited availability of water resources, Zimbabwe relies on a vast and aging water infrastructure stock that requires prompt rehabilitation to better support the water, food, and energy sectors. The country has limited water resources, with much of its area classified as semi-arid with highly variable rainfall. Zimbabwe relies on dams to store water to ensure irrigation for food security, water supply, and hydropower production. It has the second highest water storage capacity per capita in Southern Africa. There are about 10,000 dams, from large to small, and more publicly owned dams than private dams.
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Morgan Richard Tsvangirai is arguably the most polarising figure and advocate of democracy and human rights in the history of opposition politics in Zimbabwe.
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Being categorised as black and female does not constrain my writing. Writing assures me that I am more the merely blackness and femaleness. Writing assures me I am. This paradigm shifting essay collection weaves the personal and political in an illuminating exploration of internationally acclaimed novelist Tsitsi Dangarembga’s complex relationship with race and gender. At once philosophical, intimate and urgent, Dangarmebga’s landmark essays address the profound cultural and political questions that underpin her novels for the first time. From her experience of life with a foster family in Dover and the difficulty of finding a publisher as a young Zimbabwean novelist, to the ways in which colonialism continues to disrupt the lives and minds of those subjugated by empire, Dangarembga writes to recenter marginalised voices. Black and Female offers a powerful vision toward re-membering – to use Toni Morrison’s word – those whose identities and experiences continue to be fractured by the intersections of history, race and gender.
Traite des esclaves. --- Féminisme. --- Africains. --- Noirs. --- Zimbabwe.
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