Afran : Donors commit funding Zambia's poverty reduction programs with $215 mln
on 2009/11/29 10:26:26
Afran

LUSAKA, Nov. 26 (Xinhua) -- Donors have confirmed their commitment funds to Zambia's Poverty Reduction Budget Support (PRBS) for next year's budget, local newspaper the Zambia Daily Mail reported on Thursday.

The donors have confirmed that they will provide about 215 million U.S. dollars, which is more than 194 million dollars indicative commitment the donors provided in September this year, according to Daily Mail.

Zambian Finance and National Planning Minister Situmbeko Musokotwane announced this in Lusaka on Wednesday after a meeting with donors.

"I am pleased to announce that all major outstanding issues have been resolved and the cooperating partners have announced a firm financial commitment of 215 million dollars towards the 2010 national budget," Musokotwane said.

The Zambian minister said the donors' contribution represents a substantial increase from funds committed this year and thanked the partners for their continued support to the southern African country's development efforts.

Musokotwane, however, said despite the progress made so far, there are still some issues of concern that the government will continue to dialogue with donors.

The issues include the implementation of the country's decentralization policy, improved public financial management practices and the country's public service pay reforms, Daily Mail said.

The Zambian Minister said the meeting was a follow-up to another one held in September this year and was aimed at resolving a number of outstanding issues.

And speaking earlier, European Union (EU) Head of Delegation to Zambia Derek Fee who spoke on behalf of the donors, said the budget support backs up the government's overall national development plan and reform agenda with the ultimate aim of reducing poverty in rural and urban areas.

He said budget support is an aid modality that is based on deep mutual trust and depended on donors' confidence in the government's system.

"Therefore, systems improvement is crucial to ensure more efficient and effective use of public resources, be they domestic or external, aimed at pro-poor service delivery and development of the whole country," Fee was quoted as saying.

Previous article - Next article Printer Friendly Page Send this Story to a Friend Create a PDF from the article


Other articles
2023/7/22 16:36:35 - Uncertainty looms as negotiations on the US-Kenya trade agreement proceeds without a timetable
2023/7/22 14:48:23 - 40 More Countries Want to Join BRICS, Says South Africa
2023/7/18 14:25:04 - South Africa’s Putin problem just got a lot more messy
2023/7/18 14:17:58 - Too Much Noise Over Russia’s Influence In Africa – OpEd
2023/7/18 12:15:08 - Lagos now most expensive state in Nigeria
2023/7/18 11:43:40 - Nigeria Customs Intercepts Arms, Ammunition From US
2023/7/17 17:07:56 - Minister Eli Cohen: Nairobi visit has regional and strategic importance
2023/7/17 17:01:56 - Ruto Outlines Roadmap for Africa to Rival First World Countries
2023/7/17 16:47:30 - African heads of state arrive in Kenya for key meeting
2023/7/12 16:51:54 - Kenya, Iran sign five MoUs as Ruto rolls out red carpet for Raisi
2023/7/12 16:46:35 - Ambassador-at-Large for Global Women’s Issues Gupta Travels to Kenya and Rwanda
2023/7/2 15:57:52 - We Will Protect Water Catchments
2023/7/2 15:53:49 - Kenya records slight improvement in global peace ranking
2023/7/2 14:33:37 - South Sudan, South Africa forge joint efforts for peace in Sudan
2023/7/2 13:08:02 - Tinubu Ready To Assume Leadership Role In Africa
2023/7/2 11:50:34 - CDP ranks Nigeria, others low in zero-emission race
2023/6/19 16:30:00 - South Africa's Ramaphosa tells Putin Ukraine war must end
2023/6/17 16:30:20 - World Bank approves Sh45bn for Kenya Urban Programme
2023/6/17 16:25:47 - Sudan's military govt rejects Kenyan President Ruto as chief peace negotiatorThe Sudanese military government of Abdel Fattah al-Burhan has rejected Kenyan President William Ruto's leadership of the "Troika on Sudan."
2023/6/17 16:21:15 - Kenya Sells Record 2.2m Tonnes of Carbon Credits to Saudi Firms

The comments are owned by the author. We aren't responsible for their content.