What is Constituency Development Fund in Zambia?
The significant expansion of Zambia’s Constituency Development Fund in the 2022 budget provides an important opportunity to make service delivery more responsive to public needs, strengthen decentralised local institutions, and promote economic development.
What are the roles of CDF?
CDF aims at ironing out regional imbalances brought about by patronage politics by fighting poverty through the implementation of local development projects and particularly those that provide basic needs such as education, healthcare, water, agricultural services, security and electricity (Bagaka, 2008).
What is a development fund?
Development funding is the term used to describe financial capital given in support of creating a new project.
What is CDF in Philippines?
Community Development Fund (CDF) – refers to the funds allocated from the net surplus of the cooperative to be used for projects or activities that will benefit the community within the area of operation as provided for in its Articles of Cooperation; e.
How many constituencies are in Zambia?
The National Assembly of Zambia has 156 single-member constituencies.
How does CDF work in Zambia?
In Zambia, the Constituency Development Fund (CDF) was introduced in 1995 as “instrument” to facilitate the deliverance of public developmental goods and services directly to local communities.
What do you understand by the term constituency?
A constituency is all of the constituents of a representative. Constituents also have the power to remove their representative from the position to which they have appointed him or her. All of the constituents who are registered to vote are called the electorate.
Who manages CDF in Kenya?
National Government Constituencies Development Fund Board (NG-CDF Board) is established under Section 14 (1) of the National Government Constituencies Development Fund Act, 2015. The Board is charged with the responsibility of administering the Constituencies Development Fund (the Fund).
How do development funds work?
A development fund is a managed investment scheme that allows investors to invest in large scale property development through debt financing arrangements or direct equity investments.
What is project development funding?
Project development financing is a debt financing mechanism that allows local governments to borrow money to fund certain public improvements with the purpose of attracting private investment in a designated area.
What is optional fund?
Optional Fund means a fund created by the Cooperative to acquire property and to contribute to the economic and educational advancement of communities.
How can the Philippine Constitution be amended?
Amendments to this Constitution may likewise be directly proposed by the people through initiative upon a petition of at least twelve per centum of the total number of registered voters, of which every legislative district must be represented by at least three per centum of the registered voters therein.
What is Constituency Development Fund (CDF)?
Constituency Development Fund. Each constituency is further subdivided into locations for local administrative purposes. A district is a grouping of 4-6 constituencies and before the implementation of CDF in 2003; the district was hitherto considered the unit of local development.
What are CDF funds?
Constituency Development Funds (CDFs) are found in 23 countries worldwide.1CDFs channel funds from central government through to each constituency to spend on development projects intended to address local needs.
How are CDF funds divided in Kenya?
The CDF Act provides that the government set aside at least 2.5% of its ordinary revenue for disbursement under the CDF program. Three quarters of the amount is divided equitably between Kenya’s 210 constituencies whilst the remaining 1/4th is divided based on a poverty index to cater for poorer constituencies.
What was the purpose of the National Development Fund?
The fund was designed to support constituency-level, grass-root development projects. It was aimed to achieve equitable distribution of development resources across regions and to control imbalances in regional development brought about by partisan politics. It targeted all constituency-level development projects,…