ZimFund supports Zim's economic recovery agenda

ZimFund supports Zim's economic recovery agenda
Published: 02 December 2013
According to the African Development Bank (ZimFund) The Zimbabwe Multi-Donor Trust Fund through the Urgent Water Supply and Sanitation Rehabilitation Project (UWSSRP) and the Emergency Power Infrastructure Rehabilitation Project (EPIRP), provides financial and technical support to activities that are consistent with the recovery priorities of the Government, using a pool of donor resources that are mobilized on the basis of a common understanding of the country's recovery needs.

It is a major collaborative effort between members of the international donor community (Australia, Denmark, Germany, Norway, Sweden, Switzerland and the United Kingdom), the Government of Zimbabwe.

The African Development Bank Group designed to rehabilitate infrastructure and restore basic services in water and sanitation initially in six municipalities (Harare, Chitungwiza, Chegutu, Kwekwe, Masvingo and Mutare) and energy throughout the country.

The $125-million Fund is administered by the African Development Bank, while Zimbabwe's Ministry of Finance and Economic Development is the nominal recipient of ZimFund grants.

With the above view Zim Fund is aimed at seeing the success of the economy and hence it is important that the funds be effeciently allocated in line with the Zim Asset agenda.
- herald
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