WASHINGTON April 25, 2025 – The World Bank announced the Reserve Bank of Zimbabwe (RBZ) as the latest member of the Reserve Advisory & Management Partnership (RAMP). RBZ joins RAMP through a World Bank Group multi-donor trust fund designed to extend the World Bank’s public asset management expertise to countries facing financial or institutional barriers to participation. To mark the occasion, representatives from the Reserve Bank of Zimbabwe and the World Bank signed a technical assistance agreement in Washington, D.C., formalizing the partnership.
“A warm welcome to the Reserve Bank of Zimbabwe to RAMP,” said Jorge Familiar, World Bank Vice President & Treasurer. “The generous contribution from our development partners is instrumental in allowing the donor-funded trust fund to deliver RAMP’s support where it can make the greatest difference.”
“Our collaboration with the World Bank RAMP marks a pivotal moment in strengthening Zimbabwe's reserve management at a time when Zimbabwe is strategically accumulating foreign reserves to back its local currency,” said John Mushayavanhu, Governor, Reserve Bank of Zimbabwe. “Through this partnership, we aim to bolster our public asset management capabilities, promote transparency, and support sustainable development for our nation.”
“This partnership goes beyond technical assistance—it is about investing in long-term institutional strength,” said Nathan Belete, World Bank Country Director for Zimbabwe. “By working alongside the Reserve Bank of Zimbabwe through the World Bank RAMP, we are supporting the development of resilient systems and local expertise that will help safeguard national wealth and promote economic stability for future generations.”
World Bank RAMP
The World Bank Reserve Advisory & Management Partnership (RAMP) delivers advisory services, executive training, and asset management services in a global network of public asset managers, contributing to the Sustainable Development Goals of quality education, decent work and economic growth, climate action, strong institutions, and partnerships. Established in 2001, the World Bank RAMP promotes countries’ stability, resiliency, and prosperity through public asset management—helping central banks respond to economic shocks, sovereign wealth funds protect intergenerational wealth, and public pension funds ensure future payments. The World Bank RAMP has advised over 100 public institutions and trained over 10,000 public asset management staff on sound public asset management practices. Learn more at ramp.worldbank.org.
World Bank Asset Management & Advisory
The World Bank is the trusted partner for public asset managers and the largest external asset manager in the development community, with nearly $200 billion of assets under management. As a global fixed-income leader, the World Bank has advised member countries on asset management since the early 1980s. Central banks and public asset managers manage over $40 trillion in reserves and assets worldwide, underscoring their importance in the global financial system and the need for high-quality asset management & advisory services. Learn more at worldbank.org/assetmanagement.
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