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05 Oct 2009
The United Republic of Tanzania has extended US$200 000 in budgetary support package to be deployed in aiding the Short Term Emergency Recovery Programme, STERP.
The US$200 000 assistance by the Tanzanian government has been availed at a time consultations for the 2010 fiscal policy framework are underway in various sectors of the economy.
United Republic of Tanzania Ambassador to Zimbabwe Mr. Adadi Rajabu said, the amount, though little as compared to the US$1 billion required by government to resuscitate the economy, will play its own role in boosting some of the government's projects and assist in achieving set objectives.
"We are giving the money in relation to STERP and this will compliment what the government is doing in addressing the macro-economic challenges the country is facing," said Ambassador Rajabu.
He appealed to other SADC countries to come on board and fulfill their pledges to ensure the success of programmes currently under way.
"Zimbabwe's economy is doing well as inflation figures are dropping and commodity availability has also improved although prices are still high which is what the government is working on," he said.
The assistance from Tanzania is a fulfillment of that country's pledge made at the SADC Heads of States and Government Extra-Ordinary meeting held in Mbabane, Swaziland in March this year.
The United Republic of Tanzania has extended US$200 000 in budgetary support package to be deployed in aiding the Short Term Emergency Recovery Programme, STERP.
The US$200 000 assistance by the Tanzanian government has been availed at a time consultations for the 2010 fiscal policy framework are underway in various sectors of the economy.
United Republic of Tanzania Ambassador to Zimbabwe Mr. Adadi Rajabu said, the amount, though little as compared to the US$1 billion required by government to resuscitate the economy, will play its own role in boosting some of the government's projects and assist in achieving set objectives.
"We are giving the money in relation to STERP and this will compliment what the government is doing in addressing the macro-economic challenges the country is facing," said Ambassador Rajabu.
He appealed to other SADC countries to come on board and fulfill their pledges to ensure the success of programmes currently under way.
"Zimbabwe's economy is doing well as inflation figures are dropping and commodity availability has also improved although prices are still high which is what the government is working on," he said.
The assistance from Tanzania is a fulfillment of that country's pledge made at the SADC Heads of States and Government Extra-Ordinary meeting held in Mbabane, Swaziland in March this year.