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- The Republic of Zimbabwe (formerly South Rhodesia (1911-1964, 1979-1980), Rhodesia (1964-1979), and Zimbabwe Rhodesia (1979)) is a landlocked country locked in the southern region of Africa. It shares borders with The Republic of South Africa, Botswana, Zambia, and Mozambique. Upon gaining independence in 1980, the new regime (under Robert Mugabe), sought to replace many of the institutions established by the previous white rule. Many of the new regime's actions, like land reform and involvement in The Democratic Republic of the Congo's civil war, have been the source of the state's economic failure. The World Bank Group currently estimates that extreme poverty has risen from 29% to 34% from 2018-2019 (4.7 million to 5.7 million). The production of food was weakened by an El Niño-induced drought, as well as Cyclone Idai affecting three sectors that accounted for 30% of Zimbabwe's agricultural production. As a result, the World Bank estimates that one out of every ten rural households are going without food for an entire day. Since 2018, the production of minerals in Zimbabwe have decreased by 27%, and agriculture has decreased by approximately 50%. Other issues such as shortages in foreign currency, fuel, and electricity have contributed to the country's economic failure. Inflation is also a large issue for Zimbabwe, reaching 230% in July 2019 from 5.4% in September of 2018. Food prices have risen 319% and non-food inflation has reached 194% since 2018. Current World Bank Group and International Monetary Fund involvement is done in hope that the government can adjust their fiscal practices in order to alleviate the cost its citizens are paying. However, the World Bank fears that political and social pressure will exacerbate Zimbabwe's macroeconomic instability. (en)
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- The Republic of Zimbabwe (formerly South Rhodesia (1911-1964, 1979-1980), Rhodesia (1964-1979), and Zimbabwe Rhodesia (1979)) is a landlocked country locked in the southern region of Africa. It shares borders with The Republic of South Africa, Botswana, Zambia, and Mozambique. Upon gaining independence in 1980, the new regime (under Robert Mugabe), sought to replace many of the institutions established by the previous white rule. Many of the new regime's actions, like land reform and involvement in The Democratic Republic of the Congo's civil war, have been the source of the state's economic failure. (en)
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