European Union donates 95 million euros to Mozambican state budget

17 February 2006

Maputo, 17 Feb – The European Commission said Thursday it would donate 95 million euros to the Mozambican state budget for 2006/07.

The Commission’s business administrator, Francisco Carreras, and Mozambique’s deputy Foreign and Cooperation Minister, signed an agreement in Maputo establishing how the European Union (EU) funding will support the budget.

The document outlines that the EU will grant a maximum of 45 million euros in each of the two years, to be used in several sectors, and a further 5 million euros for technical assistance and institutional training, especially relating to public treasury management.

However, granting of funding, “will depend on the performance in some areas in which specific targets have been previously defined,” the document said.

Carreras told Portuguese news agency Lusa that in the last cooperation program, “Mozambique had a very positive performance, as compared with other countries in Africa, the Caribbean and the Pacific.” (ACP). (macauhub)