France helps Mozambique as part of Initiative for Highly Indebted Poor Countries

3 April 2007

Maputo, Mozambique, 3 April – The governments of France and Mozambique Monday in Maputo signed an addendum to the Contract for Reducing Poverty and Development of 2004, which provides further relief to Mozambique from its debt to France.

The addendum extends the Contract for a further two years (2008-2009) and for the French authorities represents an extra effort to annul Mozambique’s total bilateral debt.

According to Thierry Viteau, French ambassador to Mozambique, the move complements the measures for debt annulment decided as part of the Initiative for Highly Indebted Poor Countries (HIPC).

The extension will bring Mozambique an extra 8.9 million euros and allows it to move ahead with projects in several social and economic areas.

Amongst these projects are, the Inter-sector Health Program in Cabo Delgado, support for the National Strategic Plan for Combating HIV/AIDS, support for a micro-financing structure and contribution to budgetary aid by the G18 partners for the 2007-2009 period.

These actions are part of the partnership strategy for the 2006-2010 period signed by Mozambique and France in June of 2006 and which define, as well as budgetary aid, focused support for the Health and Environment sectors. (macauhub)