World Bank Appoints Zimbabwe Representative

Harare, – The World Bank has stepped up its engagement with Zimbabwe as it has appointed a country manager for Harare ending a two year absence in a country whose economy is still faced with high unemployment and low economic activity.

On Wednesday, the new representative Kundhavi Kadiresan met with various business representatives and senior government officials, including Finance Minister Tendai Biti. Kadiresan, who will be based in Lusaka will also be in charge of Malawi and Zambia respectively. Previously, she was based in Uganda. Kadiresan refused reveal her strategy and plans for Zimbabwe saying she was still consulting.

“This is my first visit and an introductory visit, but I will be based in Lusaka,” she told Radio VOP.
“I will be meeting with senior government officials, private sector and other developing partners.”

One of the main issues which Kadiresan will address is to produce a debt strategy on Zimbabwe and also assist the country with policy formulation.

The World Bank ended engagement with Zimbabwe in 2002, following the holding of the presidential elections which the West condemned as a sham.

On Wednesday morning, she had a breakfast meeting with Tawanda Gumbo, CEO, Deloitte & Touche,Winston Chitando, CEO, Mimosa Mining, Lishon Chipango, CEO, Interfresh,Tendai Madziwanyika, Managing Director, African Sun Limited, Kumbirai Katsande, Managing Director, Nestle Zimbabwe, Luke Ngwerume, Group Chief Ex Officer, Old Mutual, Bothwell Nyajeka, Chief Finance Officer, TA Holdings, Charles Taffs, Vice President, Commercial Farmers Union, Mhembere, Zimplats, CEO/MD, Mr. Matiza, ZNCC, CEO and Mushayavanhu, BAZ President, CEO for FBC Bank at a local hotel.