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Roundup Bulletin No. 33 - 2012
Southern African Parliamentary Support Trust
August 08, 2012
was recalled from its recess to ratify three Loan Agreements for
the upgrading of the Victoria Falls Airport, rehabilitation of the
City of Harare’s water and sewer reticulation system and for
the procurement of medical equipment and supplies. The loan agreements
were secured from the Chinese Import and Export Bank and they are
valued at US$381.2 million.
proceedings in the House of Assembly
of Loan Agreements
The Acting Minister
of Finance, Hon. Gorden Moyo presented to the House of Assembly
three Loan Agreements for ratification in terms of Section 111B
of the Constitution
of Zimbabwe. The first Loan Agreement of US$150 million relates
to the upgrading and expansion of the Victoria Falls Airport in
preparation for the United Nations World Tourism Organization Convention.
The second Loan Agreement valued at US141.3 million is for the City
of Harare’s Water Works Project whereas the third Loan Agreement
valued at US$89.9 relates to the acquisition of medical equipment
did not have problems with the three Loan Agreements per se, they
were dismayed by the behavior of the Executive for taking them for
granted; recalling them to just “rubber-stamp” those
loan agreements without giving them adequate time to scrutinize
the documents to see if they were good for the country or not. Members
also argued that it was pointless to expect them to meaningfully
debate the loan agreements when the contractors were already on
site. The Acting Minister of Finance apologized to the House and
explained the urgency for ratifying the three loan agreements. He
said the Chinese Import and Export Bank was currently reviewing
its international loans with a view to cancelling those that have
not been ratified by the beneficiary countries.
The House eventually
ratified the three Loan Agreements albeit grudgingly.
Given that the
Executive signed the Loan Agreements in April this year, the recalling
of Parliament at short notice could have been avoided as the ratification
of these Loan Agreements could have been scheduled for consideration
before Parliament adjourned two weeks ago.
Finance and Investment Promotion Portfolio Committee Presented A
Report on the operations of the State Procurement Board (SPB).
Finance and Investment Promotion Portfolio Committee took advantage
of the Special Sitting to table its report on the operations of
State Procurement Board (SPB), while waiting for the Acting Minister
of Finance who was still locked in a Cabinet Meeting when the House
of Assembly met at 1415 Hours yesterday.
Madzimure presented the report on behalf of the Committee. The report
highlighted allegations of corruption in the awarding of tenders
by the SPB, the need for the Board to decentralize so as to afford
equal opportunities to all Zimbabweans, the need for the increase
in staff compliment as the Board was severely under-staffed and
also the need for computerization.
further informed the House that there were concerns that the awarding
of contracts to foreign companies by the Board was disadvantaging
Zimbabweans. Hon. Obert Matshalaga expressed concern at the absence
of penalties for companies that fail to honour their contracts.
He indicated that some companies once awarded a tender and paid
they vanish without doing the job they were contracted for.
The House of
Assembly adjourned to the 4th of September 2012 as originally planned
before it was recalled to ratify the aforementioned Loan Agreements.
proceedings in the Senate
The Senate sat
and immediately adjourned to today as the information at hand indicated
that the Acting Minister of Finance was still locked in a Cabinet
meeting by the time the Senate met.
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