50 drivers of change in the public sector: Zimbabwe
Economic growth and stability are key challenges facing Zimbabwe
Over the last decade Zimbabwe’s economy has been unstable; its recovery from a sustained period of contraction is weak.
Zimbabwe was once one of the most productive economies in Africa, and a return to a strong and consistent level of economic growth is crucial.
The stability of the global economic infrastructure is another key driver of change in the public sector as the country has for some time relied heavily on external financial support.
Impact on professionals
Economic woes and a growing population means that Zimbabwe's public sector financial professionals face a challenging set of circumstances. As a starting point, they need the skills to meet the challenges and maximise the opportunities presented in the sector.
There are a number of key priorities, starting with greater adoption of IPSAS and greater opportunities for up-skilling in key management accounting capabilities that will help drive the efficiency and effectiveness of public services.
"Zimbabwe is currently suffering from a shrunken economy and revenue base."Zimbabwe round table participant
Top five drivers of change
Use of public private partnerships (PPPs)
Quality and availability of the global talent pool
The level of economic growth
Non-financial information and integrated reporting
Stability of the global economic infrastructure