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Zimbabwe, Denmark Sign US$20 Million Funding Agreement To Boost Infrastructure

Zimbabwe and Denmark on Monday signed an agreement for a US$20-million fund to rehabilitate infrastructure in the country, Zimbabwe’s New Ziana reported.

The fund will be utilised for water, sanitation and power projects under the government’s economic revival plan.

Danish ambassador to Zimbabwe Erik Rasmussen said the fund was targeted at projects that would improve productivity and health standards.

“It is about the lives of people, access to water and oiling the economy,” he said.

The fund is a contribution towards the Zimbabwe Multi Donor Trust Fund (Zimfund) and brings Denmark’s total contribution to the fund to US$33.1 million.

Finance Minister Patrick Chinamasa said Denmark had committed to increase its funding to become the largest contributor to Zimbabwe’s development efforts.

Established in 2013, Zimfund is managed by the African Development Bank and is a pool of resources by seven donor countries towards supporting infrastructure development and rehabilitation in Zimbabwe.

— BERNAMA

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