{The World Bank is discussing with government on the disbursement of the money raised under a fund to support the economic blue-print, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim Asset).}<\/p>\n
The World Bank and several partners have so far mobilised US$44 million under the Zimbabwe Reconstruction Fund (Zimref) to support the economic plan.<\/p>\n
World Bank senior country economist Johannes Herderschee said the bank was working with government on a number of strategies for policy formulation.<\/p>\n
“We are consulting with the donors on the fund. We are discussing with the minister of Finance. The total is US$44 million,” Herderschee said.<\/p>\n
The fund is expected to rise up to US$100 million from donors this year in a development expected to stimulate investment in the country.<\/p>\n
Zimref will be implemented over a period of five years (2014-2019) and is a successor to the Zimbabwe Analytical-Multi Donor Trust Fund (A-MDTF).<\/p>\n
The fund is expected to expand World Bank support to investment projects and to channel some finances directly to government.<\/p>\n
Donors that are contributing to the Zimref include the European Union, the United Kingdom, Germany, Norway, Denmark and Sweden and the World Bank State and the Peace Building Fund.<\/p>\n
The A-MDTF that was established in 2008 ended in 2014 with over US$22 million having been spent on policy assistance, technical assistance, information systems and analytical studies that have helped to strengthen dialogue with the government through the multi-fund.<\/p>\n
Finance minister Patrick Chinamasa said the fund would provide flexibility for him to tackle some urgent reform measures that include parastatals reform in which he would use US$15 million from the fund this year to carry out an audit.<\/p>\n
Chinamasa said the audit would help him to know the numbers in parastatals and enable him avoid witch-hunting.<\/p>\n
He said the fund would enable government to audit parastatals and local authorities. The minister pointed out that strategic parastatals would be audited first followed by less strategic ones.<\/p>\n
{{The Standard}}<\/p>\n","protected":false},"excerpt":{"rendered":"
{The World Bank is discussing with government on the disbursement of the money raised under a fund to support the economic blue-print, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim Asset).} The World Bank and several partners have so far mobilised US$44 million under the Zimbabwe Reconstruction Fund (Zimref) to support the economic plan. World […]<\/p>\n","protected":false},"author":3,"featured_media":2000055989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[100],"byline":[170],"hashtag":[],"class_list":["post-18393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-africa","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":{"id":2000055989,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton18393.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton18393.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton18393.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton18393.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton18393.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton18393.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/18393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=18393"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/18393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000055989"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=18393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=18393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=18393"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=18393"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=18393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}