Denmark gives $20 million to ZIMFUND

The Danish government has today contributed an additional $20 million towards the Zimbabwe Multi-Donor Trust Fund.

Erik Brogger Rasmussen
Erik Brogger Rasmussen

The contribution made in Harare followed another $13,1 million one made by the European country in the past.

This brought the Danish contribution to over $33 million making the country the single biggest contributor to the fund. The fund is managed by the African Development Bank.

Speaking at the contribution signing ceremony today, Erik Brogger Rasmussen, the Danish Ambassador to Zimbabwe said: “Denmark wants to help rehabilitate the infrastructure in Zimbabwe and would continue to do so if the projects are well managed and produce tangible results.”

Rasmussen said people should have the right to water which provides them with a descent life.

The money would boost coffers of the ZIMFUND created to improve the electricity and water and sanitation infrastructure in the country.

Speaking at the occasion, Patrick Chinamasa, Zimbabwe Finance Minister said, the donation would go a long way towards improving lives of the people.

Chinamasa said the contribution could not have come at a more opportune time, since improvement of infrastructure was in line with Zimbabwe’s economic blue-print, Zim Asset.

Water and electricity, Chinamasa said, where a pre-requisite for economic growth as indicated in Zim Asset.

To ensure donations were accounted and managed properly, Chinamasa said: “Government recently formed a cabinet aid coordinating committee headed by myself.”

Among other ministries represented in the committee are those for defence, health, primary and secondary education, agriculture, public service, finance, media and health.

The committee co-chaired by the chief secretaries in the President’s Office and Treasury, would report regularly to cabinet among other requirements.

Mateus Magala, African Development Bank Group Resident Representative commended Denmark for committing itself to the fund.

Magala noted that Zimbabwe would not develop without the rehabilitation of its water and power infrastructure.

“At the full implementation of the project in 2016, load shedding would be reduced and water supplies increased,” said Magala, noting that a late benefit is benefit denied.

He called on current donors and new ones to make contributions towards up lifting of the welfare of Zimbabweans.

The emergency fund was launched in 2010 by countries such as Germany, Denmark, Australia, Switzerland, the Uk among others, with an initial $40 million injection.

Some $145 million have since found their way into the fund and Magala indicated that, a total $165 million would be needed to see through the first phase of the project.

The first phase is expected to be completed in 2016.

At the end of the project, over 2.5 million people in major towns of the country would benefit from safe water and improved power supplies.

Post published in: News
  1. Wilbert Mukori

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