Zimbabwe Treasury say the nation has spent US$6 billion on infrastructure development, as at the end of last month, from the US$25 billion that is being mobilised for investments across various capital formation projects and economic enablers.
As we all know, infrastructure is important for faster economic growth and alleviation of poverty in the country. Such infrastructure in the form of road and railway transport systems, power, airports and their efficient functioning is also critical for integration of the economy with other economies of the world.
According to the Treasury, “The 2020 Budget targeted to raise US$25 billion for infrastructure development. As at end of July 2020, US$6.6 billion had been invested and the remainder of US$18 billion would be raised and injected during the last half of 2020.
Treasury also noted that the Government since President Mnangagwa took over in November 2017, focus remains on key projects that include roads, energy, water and sanitation.
The update document details progress on programmes across the broad spectrums of political, Government, institutional, and competitiveness reforms.
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