Mozambique gets US$10 million for Eco-tourism and conservation

6 December 2005

Maputo, Mozambique, 06 Dec – Mozambique is to receive US$10 million from the World Bank (WB) to be spent on eco-tourism and environmental conservation, the WB said Tuesday.

The amount, provided as an interest-free loan, will be applied to projects in three cross-border areas – Chimanimani, Lubombo and Greater Limpopo.

The project is the second phase of a 15-year plan dealing with cross-border conservation areas and which aims to preserve biodiversity in Southern Africa and promote cooperation between the region’s countries for sustainable development.

The man responsible for the project, Jean-Michel Pavy, believes it “will increase revenue for communities, via growth of environmentally sustainable tourism in the designated areas.”

“It will also support the Government’s efforts to improve the business climate, with the aim of encouraging investment from the private sector and economic growth driven by the private sector,” said Pavy.

Last week the World Bank approved another US$10-million loan for Mozambique to aid reform in the financial sector. (macauhub)