The World Bank (WB) will hold public consultations, including meetings with the Government, development partners and civil society organizations, to review the strategy for Mozambique for the period 2023-2027.

These groups should help define "the composition and volume of investments, as well as the indicative reform package," according to a WB communiqué, which indicates that the new strategy should include institutional capacity building programs, technical assistance, and studies.

The statement said that the total investment portfolio of the International Development Association (IDA), Mozambique's financing arm, amounts to $4.1 billion in national projects and $1 billion in regional projects.

"Strategy preparation involves reviewing the lessons from the previous strategy implementation," he concludes.

The World Bank on Monday called the national public debt "sustainable" thanks to gas export prospects, although pressures remain high on Mozambique's economy. It advocates a "structural transformation" to generate greater economic growth and job creation.