Biti Challenges World Bank’s Zimbabwe Reclassification | Zimbabwe News

Zimbabwe News Today | 2 Min News | The Daily News Now! · Aug 30, 2026 · 1m

Former Zimbabwe Finance Minister Tendai Biti blasts the World Bank’s decision to remove Zimbabwe from its fragile economies list, calling it a misleading political stunt designed to make President Mnangagwa’s 2030 upper-middle-income target seem realistic. He scoffs at the “phantom data” used by the World Bank, pointing out that 68% of Zim’s population still lives in poverty and political instability persists. While the World Bank cites growth in farming, mining, and macroeconomic stability as reasons for the reclassification — effective July 1, 2026 — Biti warns that glossy statistics mask…