Mobilising Domestic Resources
At present there is excess liquidity in the local financial system. This excess liquidity represents funds that could be channelled towards activities to stimulate economic growth. The establishment of a National Development Fund will constitute a pool of resources available for injection into the local economy and the excess liquidity in the system represents a potential source of resources available for investment into this fund.
The resources within the NDF will be administered by a broad based government body which works around issues related to the economy. Additionally, national consensus on the allocation of resources from this fund will be attained, consistent with our strategy of citizen participation in economic decision-making. Infrastructure projects at the community level (e.g. roads and drainage would be amongst the type of projects which will be financed from this fund).