ZIMREF is the key instrument for implementing the World Bank Third Interim Strategy Note for Zimbabwe and for supporting the implementation of the Government-driven Zimbabwe Agenda for Sustainable Socio-economic Transformation (ZIMASSET). Donors to ZIMREF include Denmark, the European Union, Germany, Norway, the State and Peace Building Fund, Sweden, Switzerland and the United Kingdom.
ZIMREF supports both recipient-executed, Bank-executed and Hybrid projects under its four programmatic windows, namely, (1) Private Sector productivity and competitiveness; (2) Governance, efficiency and effectiveness of public expenditure; (3) Strengthening livelihoods and resilience; and (4) Analytical and advisory work. As of December 31 2015 eight projects totaling $60 million were approved. To date, ZIMREF has raised contributions and programmed interventions totaling $40 million, and work is ongoing to plug the financing gap of $20 million.
The eight projects currently operational for ZIMREF are:
Six of these projects are implementing with the remaining two expected to start in early 2016.