Government has engaged banks and multilateral lending institutions -- including the
The bigger chunk of the money is expected to come from internal sources through the establishment of a
Addressing heads of Government departments at a retreat here yesterday, Chief Secretary to the President and Cabinet Dr Misheck Sibanda said the success of Zim-Asset hinged on mobilisation of adequate financial resources.
"Apart from providing own funding from our constrained fiscus, concerted efforts are being made to secure such support from development partners and international financial institutions," he said.
"These include the following: the
The Bill for the establishment of the
Government is targeting to secure at least
Dr Sibanda said there was great anticipation of increased inflows of donor support to the Vote of Credit, adding that Government established a reconfigured Cabinet Aid Co-ordination Committee, which would ensure donor resources are channelled through the formal Government system for accountability, efficiency and transparency.
He said while Zim-Asset comes at a time when the country was facing challenges, including the liquidity squeeze and depressed economic performance, there were some things that were within the nation's capacity to address.
"Granted that some of our challenges are exogenous and hence imposed from outside, it is also true that a greater part of these are within our capacity to manage," he said.
"For instance, we can and indeed should streamline our procurement processes and investment procedures to ensure that the State Procurement Board processes tender projects expeditiously and that the
Dr Sibanda called on all cluster leaders to come up with clear-cut cluster specific priorities to feed into the budget formulation process.
"The civil service has a critical role to play towards the realisation of Zim-Asset targets as enshrined in the Constitution of
"Further to the creation of structures, the Commission ensures that competent and qualified personnel are placed into positions and remunerated in a way that motivates the timeous delivery of quality services."
Deputy Chief Secretary to the President and Cabinet Dr
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