Germany boosts funding to Mozambique by 30 pct to 176 million euros

17 February 2006

Maputo, Mozambique, 17 Feb – Germany is set to increase its funding to Mozambique by 30 percent, to 88 million euros in each of the next two years, a total of 176 million euros, Germany’s ambassador in Maputo said Friday.

“Germany is going to subsidize the State Budget and development projects in all the provinces of Mozambique, but with greater focus on Inhambane, Manica and Sofala,” said Klaus Christian Kraemer.

Last year, Germany’s contribution to Mozambique’s state budget totaled 69 million euros. The projects supported included a study for building a bridge of the Zambezi River in the Limpopo National Park.

This week, the African Development Bank said it would grant Mozambique US$240 million over the next few years to boost the country’s State Budget and support projects to encourage private enterprise.

This announcement followed one from Norway, which the previous week signed a memorandum of understanding to fund cooperation projects to the tune of US$200 million by 2020. (macauhub)