The African Development Bank
(AfDB) said on Monday it planned to triple its financial support to Mozambique
to $1.7 billion, to assist the resource-rich southern African nation hard hit
by the slump in commodity prices.“We are planning to increase our level of
financial support to Mozambique to $1.7 billion from the year 2016-17″, the
bank’s president Akinwumi Ayodeji Adesina said after meeting with Mozambique
president Filipe Nyusi.The current portfolio of the AfDB in Mozambique consists
of 19 projects totaling more than $600 million.Wednesday, April 6, 2016
Financial support to Mozambique to $1.7 bln
The African Development Bank
(AfDB) said on Monday it planned to triple its financial support to Mozambique
to $1.7 billion, to assist the resource-rich southern African nation hard hit
by the slump in commodity prices.“We are planning to increase our level of
financial support to Mozambique to $1.7 billion from the year 2016-17″, the
bank’s president Akinwumi Ayodeji Adesina said after meeting with Mozambique
president Filipe Nyusi.The current portfolio of the AfDB in Mozambique consists
of 19 projects totaling more than $600 million.
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