The European Union (EU) announced this Tuesday financial support of more than three million euros to promote urban development projects in the central city of Beira. "It is a great satisfaction to see the results of our efforts being implemented at the local and community level and producing results...
Analysts consider that the $470 million financing program approved by the International Monetary Fund (IMF) will increase the availability of funding sources to the national economy, but argue that the financial institution should continue to pressure Maputo to meet the criteria of transparency and good governance. To VOA, the economist and director...
The International Monetary Fund (IMF) has approved the resumption of direct budget support to the Mozambican state, after six years of suspension. The decision was taken by the IMF board of directors in a meeting held this Monday at the IMF headquarters in Washington, United States of America. The Minister of Economy and Finance, Max Tonela,...
The World Bank (WB) has assured that it is prepared to finance gas exploration and use projects in Mozambique. The guarantee was given by the World Bank's vice president for the Eastern and Southern Africa region, Hafez Ghanem, in a meeting with the Minister of Economy and Finance, Ernesto Max Tonela, who is in Washington to...
The European Union reiterates its commitment to continue providing financial support to Mozambique to face natural disasters that affect the country cyclically. The commitment was made on Monday in Brussels, capital of Belgium, by the Commissioner for International Partnerships, Jutta Urpilainen, in a meeting with the Commissioner for International Partnerships, Jutta Urpilainen.
The World Bank will finance the construction of a water distribution center in the city of Beira, Sofala province, with about 18.2 million dollars, next year. The project will include a reservoir, a pressure tower, a convenience store, a water pre-treatment center, and an automatic pumping station.