GFO Issue 359,
Article Number:
4
Global Fund programs grapple with challenging monetary environment in Zimbabwe
Global Fund grants struggle in context of de-dollarization reforms
Article Type:
Analysis
Author:
Samuel Muniu and Djesika Amendah
Date:
2019-06-26
ABSTRACT
ABSTRACT
Zimbabwe has recently undertaken reforms to reduce the ‘dollarization’ of its economy, and has just outlawed the use of any foreign currency. The change in monetary policy has negatively affected Global Fund grants, causing delays in aspects of grant implementation, increasing grants’ transaction costs, prompting accountability challenges, lowering healthcare worker morale, and reducing the state’s ability to procure ARVs.
ABSTRACT
Zimbabwe has recently undertaken reforms to reduce the ‘dollarization’ of its economy, and has just outlawed the use of any foreign currency. The change in monetary policy has negatively affected Global Fund grants, causing delays in aspects of grant implementation, increasing grants’ transaction costs, prompting accountability challenges, lowering healthcare worker morale, and reducing the state’s ability to procure ARVs.
Publication Date:
2019-06-26
Tags:
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