The National Federation of Agricultural Associations of Mozambique (FENAGRI) yesterday congratulated the government on the approval by the Board of Directors of the Millennium Challenge Corporation (MCC) of a 500 million dollar program for the Mozambique Coastal Connectivity and Resilience Compact.

In a statement distributed to the press, the association said that this financial injection will boost the economic development of Zambezia province, and will have a strong impact on commercial agriculture as well as on the green and blue economy, along with political and institutional reforms.

"FENAGRI is aligned with the government because it is committed to encouraging commercial agriculture through political and fiscal reforms, and agricultural associations in Zambezia province will certainly benefit from this package for their empowerment," reads the institution's statement.

The MCC is a US financial agency that awards time-limited grants combining infrastructure investments with political and institutional reforms to countries that meet strict standards of good governance.