HomeLocal NewsZimbabwe receives $270m from EU

Zimbabwe receives $270m from EU

Zimbabwe has received a shot in the arm from the European Union which has provided $270 million to develop of governance structures, health and the agriculture sectors under the National Indicative Programme (NIP).

The grant followed the revision of the EU sanctions regime in November to pave the way for direct engagement between government and the key funding bloc.

EU the Head of the Delegation to Zimbabwe, Ambassador Philippe Van Damme, at the signing ceremony in Harare this Monday, said the bloc wanted government to formulate a clear political dialogue policy.

“We have made an important step in our cooperation with Zimbabwe. We look forward to work in all the strategic and important areas covered by this National Indicative Programme, with the aim to foster the political and economic reforms Zimbabwe is undertaking. A fruitful political and policy dialogue should underpin our cooperation.”

Finance and Economic Development Secretary Willard Manungo said the grant would complement government’s efforts to provide an enabling environment for sustainable economic empowerment and social transformation to the people of Zimbabwe.

“Government remains committed to full re-engagement with the EU and, in particular, to the successful implementation of the 11th EDF,” he said.

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