The US government, through the United States Agency for International Development (USAID), will provide about $16.5 million to fund agricultural projects for six months.

In this sense, that state signed an agreement with Absa Bank Mozambique to minimize the difficulties in financing the agricultural sector, which limits the development of the value chain.

USAID Director Helen Pataki said that the initiative should be able to develop rural areas through employment generation, but also, to export the result of the production.

Moreover, "we would like to emphasize our joint concern to involve rural women and entrepreneurial women more and more in the access to credit, he stressed.

The head of Corporate and Investment Banking at Absa Bank Mozambique, Bernardo Aparicio, said the financing has the potential to leverage the agricultural sector.
"By increasing the producers' financial capacity, their income will also increase significantly," he said.

The initiative plans to cover 30 projects, which should be able to meet the country's domestic needs.