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(DAILY MAIL) Germany gives Zambia 76.2 million euros

Germany gives Zambia 76.2 million euros
By KANGWA MULENGA

GERMANY has given Zambia 76.2 million euros as grant for the next three years. Zambia will receive an additional eight million euros grant from the German and Netherlands governments for support towards the education sector.

And Secretary to the Treasury Likolo Ndalamei has commended the German government for the grants that would go towards good governance, decentralisation, poverty reduction and water and sanitation sectors.

“I can assure you that these funds will only be used to achieve the objectives in the areas of cooperation that we have agreed upon. Above all, I would like to assure you that the funds will be utilised in a transparent and accountable manner as we are aware that they come from tax payers in Germany,” Mr Ndalamei said.

He was speaking in Lusaka yesterday at a signing ceremony held at the Ministry of Finance and National Planning following the conclusion of negotiations with a delegation from Germany.

Mr Ndalamei said the water sector would receive 32 million euros, good governance 5.2 million euros, poverty reduction 30 million euros while one million euros would go towards the decentralisation policy.

He said Government would use the eight million euros the education sector would receive from the two governments to develop human capital, which he said was important towards the attainment of the Vision 2030.

Head of delegation from the Ministry of Economic Cooperation and Development for Southern Africa, Ingolf Dietrich said Germany would continue supporting Zambia’s development.

“We are glad with the manner we concluded the negotiation. I must say I was impressed with the aid effectiveness Zambia has embarked on and with the explanations we got from the Zambian delegation,” Dr Dietrich said.

He commended Government for the manner it was accounting for development funds from the German government.

Dr Dietrich has pledged continued support to Zambia.
He said the despite the global economic crisis, Zambia still had potential in the mining sector.

Dr Dietrich also said it was not easy for the German government to give Zambia grants in the face of the global economic crisis.

Labels: EDUCATION, GERMANY, GRANTS

posted by MrK @ 6:52 PM