Local Development Fund budgeted at over 1 billion Meticais

Fundo ao Desenvolvimento Local orçado em mais de 1 bilião de Meticais

The Local Development Support Fund will be budgeted at more than one billion Meticaisof which around 60% will fund entrepreneurial initiatives led by young people.

According to a report in "O País", the document has already been approved by the government and was discussed yesterday at a session of the Interministerial Committee to Support Youth Development.

This is the first meeting of the year of the Interministerial Committee to Support Youth Development, a body that advises the government on decisions to be made about young people.

The program essentially aims to support entrepreneurial initiatives at district and municipal level, promoting development.

The Local Development Fund is financed by the Mozambican government and partners, of which 60% will be allocated to youth initiatives.

Recently approved by the Council of Ministers as part of the 100 days of governance, the plan is due to be discussed in Parliament.

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