The Government of Eswatini remains the largest contributor of funds at 93.96 per cent followed by the Development Bank of Southern Africa (DBSA) with 5.44 per cent.
ESEPARC researchers have found that the African Development (AfDB) took care of 5.18 per cent of the ESWADE projects financing bill, while the European Investment Bank (EIB) stood at 4.9 per cent.
The Arab Bank for Economic Development in Africa (BADEA) contributed 3.57 per cent.
Eswatini’s economic research centre explained that of the remainder of the monies, 2.95 per cent came from the European Union while the International Fund for Agricultural Development (IFAD) contributed 1.65 per cent.
Other multilateral organisations also contributed funds, including the International Cooperation and Development Fund (ICDF) of the Republic of China on Taiwan and the OPEC Fund for international Development that contributed 1.41 per cent and 0.78 per cent of the total funds, respectively.
The International Livestock Research Institute (ILRI) and the European Development Fund also contributed 0.12 per cent and 0.03 per cent of the total funds of the project, respectively.
It should be noted that a variety of sources fund the activities of ESWADE.
Similarly, funding for the construction of the Lubovane Dam and the irrigation canal including roads and other forms of infrastructure came from different sources.
Sources of funding for the Lubovane Dam and Lower Usuthu Irrigation Project (LUSIP)
|Government of Eswatini||93.96%|
|Development Bank of Southern Africa||5.44%|
|African Development Bank||5.18%|
|European Investment Bank||4.90%|
|Arab Bank for Economic Development in Africa (BADEA)||3.57%|
|European Union (EU)||2.95%|
|International Fund for Agricultural Development (IFAD)||1.65%|
|International Cooperation and Development Fund (ICDF)-R on China on Taiwan||1.41%|
|OPEC Fund for International Development||0.78%|
|International Livestock Research Institute||0.12%|
|European Development Fund||0.03%|
|Global Environment Facility||0.01%|