via Zimbabwe Reconstruction Fund launches $32m facility – NewsDay Zimbabwe February 4, 2016
The government and World Bank-managed Zimbabwe Reconstruction Fund (Zimref) yesterday launched a $32 million facility to fund several programmes, among them water and sanitation, public financial management (PFM) and maternal and child health.
VICTORIA MTOMBA
Zimref said the funding was being provided by Denmark, the European Union, Norway, Sweden, Switzerland, the United Kingdom and the World Bank’s State and Peace Building Fund.
It said all the projects will be implemented directly by government institutions for the first in many years in line with the findings of the Assessment of the Zimbabwe PFM System for Investment Lending Projects.
“The public procurement modernisation project will receive a $1,3 million grant and $600 000 technical assistance programme from Zimref. The $2 million is programmed to support the roll-out of an e- procurement pilot in key ministries and agencies,” the World Bank said in a statement.
“Zimref will also provide a $10 million grant for the national water project and a complementary technical assistance grant from the water and sanitation programme. This grant is the first phase of a planned $20 million project which aims to improve access and efficiency in water services in selected growth centres.”
COMMENTS
32million is peanuts. 200 chartered accountants earn that amount in one year. Shows how poor the country is and how badly Mugabe has screwed Zimbabwe into the ground.
Yes its peanuts but the test is on now. Let us see how much is looted before any more of the foreign tax people monies is given again.Lets read the foreign press from now.The outcome will be interesting.
people from the WEST don’t waste your time and money investing in ZANU-PF..This money would be sent to zimoco to finance the suv and sedans for the foolish ministers….
Right, could you all keep your sticky grubby little fingers out of the money pot! Let the money go to where it is needed.
From my view point electricity has improved so indeed we are making a step in the right way.