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Joining NDB 'Resolves Part of Debt Problem & Opens up More Lines for Development': Economist
Joining NDB 'Resolves Part of Debt Problem & Opens up More Lines for Development': Economist
Sputnik Africa
Moreover, this step will act as a "credibility multiplier," attracting FDI and boosting Zimbabwe's economic resilience, Misheck Ugaro, senior economist of the... 29.07.2026, Sputnik Africa
2026-07-29T18:21+0200
2026-07-29T18:21+0200
2026-07-29T19:56+0200
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Moreover, this step will act as a "credibility multiplier," attracting FDI and boosting Zimbabwe's economic resilience, Misheck Ugaro, senior economist of the National Chamber of Commerce, Zimbabwe, told Sputnik Africa.Key priorities for NDB funding, according to Ugaro:🟠Infrastructure financing in energy, transport, logistics, and digital space to bridge Zimbabwe's $40 billion infrastructure gap;🟠Debt resolution: addressing Zimbabwe's $23 billion debt, improving the country's credit rating;🟠Supporting the ZiG currency: further stabilizing the exchange rate and building national reserves;🟠Green finance: accessing targeted NDB financing lines for carbon, solar, and lithium projects;🟠Knowledge exchange: sharing expertise and joining the bank's think tanks.The move will also promote value addition to Zimbabwe's lithium and gold exports, supporting industrialization, the economist added.
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Moreover, this step will act as a "credibility multiplier," attracting FDI and boosting Zimbabwe's economic resilience, Misheck Ugaro, senior economist of the National Chamber of Commerce, Zimbabwe, told Sputnik Africa.
Key priorities for NDB funding, according to Ugaro:
🟠Infrastructure financing in energy, transport, logistics, and digital space to bridge Zimbabwe's $40 billion infrastructure gap;
🟠Debt resolution: addressing Zimbabwe's $23 billion debt, improving the country's credit rating;
🟠Supporting the ZiG currency: further stabilizing the exchange rate and building national reserves;
🟠Green finance: accessing targeted NDB financing lines for carbon, solar, and lithium projects;
🟠Knowledge exchange: sharing expertise and joining the bank's think tanks.
The move will also promote value addition to Zimbabwe's lithium and gold exports, supporting industrialization, the economist added.
"What it will do is it will create jobs, it will create employment, and it'll boost the export earnings."
