World Bank provides US$34 million for tourism projects in Mozambique

24 February 2006

Maputo, Mozambique, 24 Feb – The World Bank (WB) has agreed to provide US$34 million over the next five years to fund trans-border hunting tourism projects in Mozambique, the WB said Thursday.

According to the bank, the funding will be for, “the development of sustainable tourism based on economic progress, conservation of biodiversity and improvement of the standard of living of rural communities.”

The amount will be made available between this year and 2011 in three installments – the first of US$3.72 million, the second of US$20.6 million and the last of US$10 million.

A source at the Mozambican Tourism Ministry told daily newspaper, Notícias that the first project to go ahead would be the Trans-Border Conservation Areas, which the World Bank has supported since 1997, namely in the natural parks split between Mozambique and South Africa, Malawi and Zimbabwe. (macauhub)