HARARE – Treasury has availed US$50,000 for each geographical constituency in Zimbabwe to be administered by MPs under the Constituency Development Fund (CDF), Speaker Jacob Mudenda has said.
In an announcement to the National Assembly on Tuesday, Mudenda said Members of Parliament may now begin submitting their constituency development projects for consideration.
“Following the presentation of the Mid Term Budget and Economic Review Statement on 25th July 2024, Treasury has availed US$50,000 per constituency as Constituency Development Fund. Honourable Members may start submitting their projects for consideration before 30 November 2024.
“All returning Members of Parliament who have not submitted their returns are encouraged to first acquit before accessing new funding.
“Furthermore, Honourable members are required to start implementing CDF projects as soon as funds are deposited into their accounts so that projects do not take long to complete,” said Mudenda.
All 210 constituencies in Zimbabwe get the equivalent of US$50,000 CDF in local currency, based on the exchange rate on the day of disbursement.
Parliamentarians have been pushing the government to disburse the funds in US dollars after service providers have rejected the unstable local currency, something MPs attribute to failed or unfinished projects.
