Page 9 - THE 2024-25 MID-YEAR BUDGET REVIEW STATEMENT

that the ECF Programme, has unlocked foreign support from

various development partners, which has consequently

assisted in boosting economic activities. Notably some of the

development partners include; the World Bank, the European

Union, the German Government and African Development

Bank (AfDB). The World Bank's First Growth and Resilience

Development Policy Operation amounting to US$80 million

was disbursed to the Government following the achievement

of crucial PFM policy reforms. Additionally, the Government,

with support from the World Bank, has developed a new

US$80 million Fiscal Governance Program for Results, which

has built on the objectives of the recently launched PFM

Strategy, so far $18.75 million has been received. The

European Union, is providing Euro 55 million as budget

support, of which Euro 20 million will be disbursed this financial

year. The German Government is providing Euro 17.3 million

while the African Development Bank is providing $23 million

direct budgetary support.

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