Itai Ndongwe
HARARE – The World Bank has announced the Reserve Bank of Zimbabwe (RBZ) as the latest member of the Reserve Advisory & Management Partnership (RAMP).
The RBZ joined RAMP through a World Bank Group multi-donor trust fund designed to extend the World Bank’s public asset management expertise to countries facing financial or institutional barriers to participation. Representatives from the Reserve Bank of Zimbabwe and the World Bank signed a technical assistance agreement in Washington, D.C., formalizing the partnership.
“A warm welcome to the Reserve Bank of Zimbabwe to RAMP,” said Jorge Familiar, World Bank Vice President & Treasurer. “The generous contribution from our development partners is instrumental in allowing the donor-funded trust fund to deliver RAMP’s support where it can make the greatest difference.”
“Our collaboration with the World Bank RAMP marks a pivotal moment in strengthening Zimbabwe’s reserve management at a time when Zimbabwe is strategically accumulating foreign reserves to back its local currency,” said John Mushayavanhu, Governor, Reserve Bank of Zimbabwe. “Through this partnership, we aim to bolster our public asset management capabilities, promote transparency, and support sustainable development for our nation.”
“This partnership goes beyond technical assistance—it is about investing in long-term institutional strength,” said Nathan Belete, World Bank Country Director for Zimbabwe. “By working alongside the Reserve Bank of Zimbabwe through the World Bank RAMP, we are supporting the development of resilient systems and local expertise that will help safeguard national wealth and promote economic stability for future generations.”
The World Bank Reserve Advisory & Management Partnership (RAMP) delivers advisory services, executive training, and asset management services in a global network of public asset managers, contributing to the Sustainable Development Goals of quality education, decent work and economic growth, climate action, strong institutions, and partnerships.
