Harare, June 9, 2014-Zimbabwe has received a US$20 million boost from Denmark towards the rehabilitation of infrastructure.
The European country signed the US$20 million facility with the government for infrastructure projects to be administered by the African Development Bank (ADB).
Head of the Royal Danish Embassy in Zimbabwe, Mr Erik Brogger said his country plans to strengthen bilateral economic ties with the government of Zimbabwe.
“We want to do our best in crafting a policy to unlock more opportunities here,” he said.
ADB Resident Representative, Dr Mateus Magala said the fund from Denmark will reduce the funding gap of US$ 33,6 million required for the rehabilitation of infrastructure.
“We are grateful to the facility as it will improve the country’s infrastructure,” Dr Magala said.
The Minister of Finance and Economic Development, Patrick Chinamasa said Zimbabwe is committed to work with interested European countries in the revival of productive sectors.
“Our government welcomes such efforts as we seek to boost ties with the developed world,” he said.
The Danish government has also pledged to help Zimbabwe with funding towards the restoration of business confidence.
During the 1980s, Denmark through the Danish International Development Agency helped Zimbabwe spearhead development, especially in the rural areas.
However at the turn of the millennium, the Nordic country scaled down its assistance after Harare and London’s dispute over land spilled into the international sphere.
Some European countries including Denmark are however normalising relations with Zimbabwe.