Publications - NANGO

Zimbabwe: Floods Situation Report No. 2

This Situation Report is produced by OCHA Regional Office for Southern and Eastern Africa in collaboration with humanitarian partners. The Situation Report builds on Flash Updates No. 1 and provides more detailed information on the situation and response. It covers the period from 27 March to 9 April 2019. The next Situation Report will be issued on or around 17 April. Highlights • 299 deaths have been recorded and 329 people are still missing, according to the Government. • Latest assessments indicate that the homes of some tens of thousands of people have been destroyed or damaged beyond habitability. Most of these people are staying with hosts in the extended community. • Revised Flash Appeal requires US$294 million to respond to the drought and Cyclone Idai. • Food Cluster partners have so far assisted an estimated 30,000 people in the worst-affected areas of Chimanimani and Chipinge. • Access to a sufficient quantity of water for drinking, cooking and personal hygiene has been restored for 43,000 people. • Eight clusters have been activated to bolster the humanitarian response effort in support to the Government of Zimbabwe,

Zimbabwe_Sitrep-2_10-April-2019.pdf

The 2019 Mid-Year Budget Review and Supplementary Budget

“Building a Strong Foundation for Future Prosperity” Speech to the Parliament of Zimbabwe By Hon. Prof. Mthuli Ncube Minister of Finance & Economic Development 1 August 2019 INTRODUCTION 1. Mr Speaker Sir, I rise to present this year’s Mid-Year Budget Review, complying with section 7(2)(a) of the Public Finance Management Act. 2. The Review seeks to update this august House and the nation at large on macroeconomic developments during the first half of the year. On the basis of developments to date, the Review further outlines an updated Macro-Fiscal Framework, which underpins the proposed 2019 Supplementary Budget. 3. To the extent possible, contributions received from various stakeholders in Government, private sector and civic organisations, including critics, are acknowledged and appreciated in the crafting of this Review. Mr Speaker Sir, there is a saying by Michael Bassey Johnson (a writer) that “a bitter critic is the sweetest corrector”. It is, therefore, incumbent upon all of us to be tolerant of different views and freely participate in the reconstruction of this economy. 4. What is important is to remain steadfast in implementing key reforms, hence the theme for this Review: ‘Building a Strong Foundation for Future Prosperity’.

2019_Mid-Term_National_Budget_Speech.pdf

FLASH Appeal 2019 January – June 2019 (Revised following Cyclone Idai, March 2019)

Climatic shocks combined with austerity measures put in place as part of an economic reform process, which have resulted in an increase of basic commodity prices and shortage of essential medicine, have significantly increased humanitarian needs in Zimbabwe during the past year. In early March, an already fragile humanitarian situation was compounded by the impact of Cyclone Idai which tracked through many districts in eastern Zimbabwe. In the province of Manicaland, many lives have been lost and hundreds are still unaccounted for. Thousands of families require emergency shelter and the livelihoods of at least 270,000 people have been affected. Infrastructure damage is very significant. The identified needs represent estimates and most likely will change with further improvements in access with further assessments.

ROSEA_Zimbabwe_FlashAppeal_05042019-Update-with-Cyclone-Idai-1_0.pdf

2019 Mid Year Budget Review and Supplementary Budget Highlights

Budget Theme “Building a Strong Foundation for Future Prosperity” Transitional Stabilisation Programme Implementation Progress • Fiscal and monetary policy successfully shifted to a disciplined and sustainable regime. • The ‘twin-deficit’ was successfully tackled, and 2019 has so far seen consistent fiscal surpluses and a substantial improvement in the current account balance. • The current account, for the first time since 2009, registered a surplus in the first quarter of 2019. • Monthly revenue collections for the first six months amounted to ZWL$5.0 billion, against expenditures of ZWL$4.2 billion. • A cumulative budget surplus of ZWL$803.6 million was therefore realised in the first half of 2019. • Domestic debt declined from ZWL$9.5 to ZWL$8.8 billion - a reduction of 7.4%. • Comprehensive currency reforms are being implemented to restore independent monetary policy and to create further scope for enhanced competitiveness of exports and import substitution. • Month-on-month inflation averaged 12.4% in the first half of 2019 against 6.4% recorded in the last half of 2018. • Given substantial headwinds including damages caused by a major drought and cyclone Idai, the initially projected GDP growth is likely unattainable. • In order to build a track record of sound economic policies, Government has signed off on a Staff Monitored Programme with the International Monetary Fund to run from March 2019 to March 2020.

2019_Mid_Term_National_Budget_Highlights.pdf

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