AfDB, donors give #Zimbabwe $35M grant

via AfDB, donors give Zim govt $35mln grant | The Source  March 19, 2014

The Zimbabwe government on Wednesday received grants worth $35 million from western donors under the Zimbabwe Multi-donor Trust Fund (Zim-Fund) to help its economic recovery efforts.

The grant will cover water supply and sewer reticulation ($19,8 million), under the Urgent Water and Supply and Sanitation Rehabilitation Project, and energy ($15,1 million) under the Emergency Power Infrastructure Rehabilitation Project.

Projects in Harare, Ruwa, Chitungwiza, Redcliff, Masvingo, Hwange, Gweru and Mutare will benefit from the funding.

In January this year Zimbabwe also received $53.4 million in grants from ZimFund, which focuses on supporting infrastructure projects, mostly water, sanitation and energy.

“The programme supports the country’s economic recovery efforts and quest to promote sustainable growth,” said AfDB resident representative Mateus Magala.

Zim-Fund, which is managed by the AfDB, was set up by a group of western donors in 2010 during the tenure of the unity government to support Zimbabwe’s economic recovery efforts.