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COMESA Secures €33m: Invites Member States to Submit Requests

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Tuesday, 02 September 2014

COMESA Secures €33m: Invites Member States to Submit Requests

COMESA has received 33 million Euros from the European Union to support regional integration and has invited its Member States to apply for the funds before 28 September 2014.

The resources are provided through the 10th European Development Fund (10th EDF) under the COMESA Adjustment Facility (CAF) Regional Integration Support Mechanism (RISM).

Thirteen countries are so far benefiting from the first tranche of the funds amounting €78 million which was provided under the 9th EDF for the period 2008 – 2014. They include Burundi, Djibouti, D R Congo, Comoros, Kenya, Malawi, Mauritius, Rwanda, Seychelles, Swaziland, Uganda, Zambia and Zimbabwe.

Four additional countries are expected to join in the 10th EDF for 2014 - 2016 period bringing the total number of eligible States to 17. Allocations and disbursement of RISM funds are given against the formulation and implementation of well-defined and ambitious regional integration indicators of individual Member States.

To help the countries prepare their proposals COMESA is hosting a one week regional workshop for the technical officials from the qualified States from 25 – 29 August 2014. They are drawn from Ministries of Finance and those that coordinate COMESA affairs.

“With these resources, the focus is now on designing programmes and utilizing the resources in a manner that achieves the maximum impact”, COMESA Secretary General Sindiso Ngwenya told the officials attending the workshop in Lusaka.

It has been noted however, that Member States have been experiencing difficulties in accessing and utilizing the funds owing to delays in submission of projects and provision of sources of verification.

“When the COMESA Adjustment Facility was initiated and later funded by the EU, the greatest concern was on the capacity to implement regional integration programmes at the national level,” Ngwenya told the officials.

Source: comesa.int