Govts seek funding solutions to sustain donor-funded projects
Tuesday January 19 2021
The UK government suspended funding for the regional electronic cargo tracking system last year. PHOTO | FILE | NMG
Summary
The region has relied heavily on donor funding to implement several key infrastructure projects in the transport (rail, roads, and aviation), energy and water sectors amid persistent budget deficits, declining revenue collections and ballooning debt levels.
However, with a reduction in donor funding, countries need to rethink their financing options or else suffer setbacks due to stalled projects.
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East African governments have resolved to consider alternative ways of financing key donor-funded projects to ensure their sustainability after the British government suspended funding for the regional electronic cargo tracking system (RECTS) last year.