Mozambique pledges to host annual African Development Bank meeting in 2008

23 July 2007

Maputo, Mozambique, 23 July – Mozambique will stage the 43rd Annual General Meeting of the African Development Bank in May, 2008 under an accord signed in Maputo.

The deal, signed Friday by Mozambican Planning and Development Minister Auiba Cuereneia, states that Maputo “will organize the ADB’s AGM in 2008, ensuring all logistics for the meeting in coordination with the bank.”

Maputo has also pledged to make all necessary national contacts to ensure participation of key sectors at the event, particularly from the areas of transport, communications and hotels.

“We will ensure that delegates have a secure environment in Mozambique. At the moment, we are working in all areas to guarantee the success of the Maputo meeting,” said the minister.

An ADB team will arrive in Maputo in the coming months to oversee preparations for next years’s AGM of the bank.

The ADB is among the 19 states and international institutions that give direct budget support to Mozambique, with these financial contributions being worth between US$ 60 million and US$ 70 million yearly to the Maputo exchequer. (macauhub)