The Sovereign Wealth Fund aims to "accumulate savings for future generations" with oil and natural gas revenues, but will not be used to guarantee loans taken out by the state. In its governance structure, the Fund is intended to make full use of the country's existing institutions, guided by the principles of good governance, transparency, accountability,...
Tag: calamities
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Roads: Government needs 8 billion for roads
Around eight billion meticais is how much the state needs to finance projects in the roads sector, as part of improving accessibility on the stretches affected by the calamities. The Permanent Secretary of the Ministry of Public Works, Housing and Water Resources, Hélio Banze, said that the amount is intended, in particular, for the rehabilitation and maintenance of...
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World Bank makes available 315 million meticais for disasters
The World Bank will provide five million dollars, around 315 million Meticais, to mitigate the impacts of the bad weather in Mozambique. The announcement was made this Friday in Maputo by the World Bank's vice-president for Eastern and Southern Africa, Victoria Kwakwa. At a time when Mozambique is counting the damage caused by the rains...
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Mozambicans in Holland show solidarity with the victims of the calamities in the country
Mozambicans living in the Netherlands say they have a project of multiform support to Mozambique, to address the adversities that the country is facing. Speaking in an interview to Radio Mozambique, Fábio Amargar revealed, for example, that the "House of Mozambicans" in the Netherlands, an association that brings together our compatriots in that nation of the Low Countries, has, in the...