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Parliament passes bill for K11.2 billion loan

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Parliament has passed a bill authorising the Minister of Finance, Economic Planning and Development to borrow the sum of K 11.2 billion from the European Investment Bank to Finance the implementation of the Lilongwe Water Resources Efficiency Programme.

Goodal Gondwe authorised to get a loan Goodal Gondwe authorised to get a loan
10
June


Minister of Finance, Economic Planning and Development Goodal Gondwe presented the bill in the House.


Gondwe said the programme would bring about increased production capacity and overall water efficiency of the board's water supply system.


General debate on the 2015/2016 National Budget continued and most Members who made their contributions, highlighted the need for increased funding towards the Constituency Development Fund and other people centred programmes that will transform lives of many Malawians.

 

Issues of food security, roads rehabilitation, construction of school blocks, health service provision, promotion of early childhood development and adult literacy programmes among others also took centre stage during the discussions.

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