ZIM Get $20 Million From World Bank

Published: 2016 July 12 05:11:15 (37679 Views)

The World Bank has availed $20 million to finance Zimbabwe's Public Financial Management Enhancement Project meant to improve transparency and accountability in Government finances.

In a statement, the Ministry of Finance and Economic Development said the project would involve procurement of goods (supply of information technology equipment and office furniture to be procured using international bidding and shopping) and consulting services.

It said the consulting services would be procured competitively by short-listing consultancy firms using quality and cost-based selection, least cost selection and short-listing of individual consultants.

“The overall development objective of the project is to improve control, transparency and accountability, and oversight of public resources in Zimbabwe.The project will have five components: Financial management and accounting ($6,8 million); enhance effectiveness of internal controls and internal audit ($3,2 million); enhance accountability through strengthening of external audit ($5 million); strengthening the demand side of transparency and accountability ($3 million); and public financial management ($2 million),” reads part of the statement.

The main beneficiaries to the project are the Ministry of Finance and Economic Development (the accountant general department, budget division, and the internal audit units), Office of the Auditor General, financial management units in Government, provincial and district authorities, and the legislature (Parliament).

It is hoped that the above beneficiaries would benefit in strengthening their oversight responsibilities in the area of public financial management. “Procurement of goods, works and non-consulting services will be in accordance with the World Bank Rules of Procedures for the Procurement of Goods and Works (January 2011 edition, revised July 2014).

Bidding documents are presently available and interested bidders may obtain further information and should confirm their interest by contacting the accountant general in the Ministry of Finance.

- Chronicle

Tags: Chinamasa, World-Bank, loan, finance, ,

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Comments

Anonymous user 2016 July 16 21:09:21

Dick heads

Anonymous user 2016 July 16 21:08:42

Dock heads......... they don't want the area destabilized...... so they sold zim down the drain.

Anonymous user 2016 July 16 18:44:13

Dumber and dumber!

Anonymous user 2016 July 16 13:56:00

They will use it to pay the disgruntled army and police force to keep them happy and aligned with the regime, the majority of peaceful people will be intimidated, terrorised, beaten, and incarcerated by said appeased forces. Zimbabwe weeps and bleeds and the world does nothing.

Anonymous user 2016 July 15 10:11:44

I can not believe that the world banks eyes are open, the rest of the world knows that the cronies will all benefit more than the starving masses, absolutely gob smacked.

Anonymous user 2016 July 14 22:39:12

I cannot understand why they keep these people in power by giving them money when they are clearly miss managing it!! I can only think that someone besides the zim government is profiting from the the rape and pillaging going on in Zim.

Anonymous user 2016 July 14 15:17:26

Nooooooooooooooooo! Not again? This money will be in Switzerland in their accounts while the people starve. After the Zimbos who protested in London, they do this again?

Anonymous user 2016 July 14 14:24:45

Office furniture !!! What about FOOOOD !!

Anonymous user 2016 July 14 07:21:07

What is the point, they take no notice of the Auditor Generals reports anyway! She has not found one ministry that is clean and yet nothing has been done!!

Anonymous user 2016 July 14 06:10:39

I am utterly amazed at this..... The amount of money taken out of the Reserve Bank by the big shots in Zim is out of line and happens often. You can bet your bottom dollar this will not go to the people of Zimbabawe.....no doubt it will end up in the private coffers of the so called "leaders" of the country...as if they have not already stolen too much bringinging the country to its knees. They have stolen white Farmers farms for not a cent....kicked them off or murdered them and then you give them more money....ludicrous.....you should rather haven given this to Aid Agencies who will see that the people who need help most get it !!!

Anonymous user 2016 July 14 06:06:04

I am amazed that they have been given this huge amount of money (God knows they need it) but with the Governer of the Reserve Bank a year ago taken $70 million out of the bank is this a good idea ???

Anonymous user 2016 July 14 04:56:48

Unbelievable !!

Anonymous user 2016 July 14 03:57:25

No surprise! They F**** Up a country and expect the world to keep on giving! Well played Mugabe!

Anonymous user 2016 July 14 01:07:39

More money into external bank accounts? So the hated West is yet again generous

Anonymous user 2016 July 13 22:51:07

I like the idea that there is a Financial Dept, an audit dept and an accountants dept....no money in the country at all so why on earth does the world Bank give $20 million for this depts who obviously haven't got a clue and will just deposit into own accounts...do not see as it helps the poor and starving people of Zim at all...words fail me😠😠😠

Anonymous user 2016 July 13 20:37:19

office furniture - huh................

Anonymous user 2016 July 13 18:45:25

Just understand that any monies lent to ZanuPF will be for ZanuPF to repay. Future Zimbabwean governments will not be responsible for paying back these loans.

Anonymous user 2016 July 13 16:03:05

Can we get a statement from the World Bank???

Anonymous user 2016 July 13 15:03:21

????

Anonymous user 2016 July 13 13:45:46

Wow, throwing more money into that bottomless pit of Mugabe.

Anonymous user 2016 July 13 12:41:58

Mugabe and cronies score again...unbelievabe they have no money to manage The bank could save transfer fees just deposit the money directly into the accounts it will end up.in anyhow.

Anonymous user 2016 July 13 12:34:18

Straight into the government pocket ....fools

Anonymous user 2016 July 13 11:45:21

World bank you idiots

Anonymous user 2016 July 13 11:30:10

world bank you idiots you have prolonging the struggle buy financing a corrupt government to pay an army and police to beat and murder the people of Zimbabwe

Anonymous user 2016 July 13 06:24:31

we hope it will be put to good use.

ZIM Get $20 Million From World Bank

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