{"id":461613,"date":"2011-07-15T11:24:56","date_gmt":"2011-07-15T11:24:56","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/07\/15\/eu-disburses-n87-million-to-state-revenue-fund\/"},"modified":"2011-07-15T11:24:56","modified_gmt":"2011-07-15T11:24:56","slug":"eu-disburses-n87-million-to-state-revenue-fund","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/07\/15\/eu-disburses-n87-million-to-state-revenue-fund\/","title":{"rendered":"EU Disburses N$87 Million to State Revenue Fund"},"content":{"rendered":"
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\"New<\/a><\/p>\n

15 July 2011<\/p>\n

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Windhoek \u2014 The European Union (EU) this week disbursed about N$87 million to Namibia’s State Revenue Fund as part of its development cooperation.<\/p>\n

According to a statement by the EU delegation, about N$47 million of the money would be used for rural road development.<\/p>\n

“This is the final payment of the around N$ 114 million allocated for the roads component under the 9th European Development Fund (EDF) Rural Poverty Reduction Programme (RPRP),” the statement read.<\/p>\n

As part of its commitment to help the government to reduce poverty and achieve sustainable development, the EU and the National Planning Commission Secretariat signed a Financing Agreement to the tune of \u00b1$500 million in April 2005 to implement the RPRP.<\/p>\n

The remaining N$ 40 million disbursed this week to the State Revenue Fund is dedicated to the Public Finance Management (PFM) reform.<\/p>\n

It concerns the second and final payment under the 9th EDF PFM Support Programme about N$80 million aimed at improving and strengthening PFM for more efficient public service delivery and improved socio-economic development.<\/p>\n

The two disbursements are the last to be made under the 9th EDF package that amounted to around N$900 million to support programmes and projects in the areas of rural poverty reduction and education over the period 2002 to 2007.<\/p>\n

Priority areas are retained by the 10th EDF package which totals around N$1 billion for the period 2008-2013.<\/p>\n

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See the original post:
\nEU Disburses N$87 Million to State Revenue Fund<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

15 July 2011 Windhoek \u2014 The European Union (EU) this week disbursed about N$87 million to Namibia’s State Revenue Fund as part of its development cooperation. According to a statement by the EU delegation, about N$47 million of the money would be used for rural road development. “This is the final payment of the around N$ 114 million allocated for the roads component under the 9th European Development Fund (EDF) Rural Poverty Reduction Programme (RPRP),” the statement read<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-461613","post","type-post","status-publish","format-standard"],"yoast_head":"\nEU Disburses N$87 Million to State Revenue Fund - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/07\/15\/eu-disburses-n87-million-to-state-revenue-fund\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"EU Disburses N$87 Million to State Revenue Fund - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"15 July 2011 Windhoek \u2014 The European Union (EU) this week disbursed about N$87 million to Namibia's State Revenue Fund as part of its development cooperation. 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