Notwithstanding the build-up in inflationary pressures, particularly during the last quarter of 2018, the banking sector remained safe and sound and continued to show resilience as indicated by general financial sector stability.
As Monetary Authorities, we strongly believe that price stability, a smooth payments system, improved ease of doing business and investor confidence are important pillars for reviving the growth prospects of the economy, in order to realise the national vision of becoming a middle income country by 2030.
In 2016, the Reserve Bank of Zimbabwe was seized with putting in place measures to strengthen the banking sector as well as restoring confidence in the economy. In this regard, the Bank implemented policies geared towards increasing domestic output and productivity, necessitating increased export earning capacity for the economy.
The Reserve Bank of Zimbabwe’s main focus during 2015 involved dealing with the economic challenges besetting the national economy that include the current deficit, narrow fiscal space and weak consumer and investor sentiment. Important measures that the Bank put in place in 2015 to address some of these fundamental challenges included dealing with distressed banking institutions, as part of the measures to protect the banking community, bolster confidence in the banking system and promote banking sector stability.
download 2015 Annual Report