IFC sets up website to promote investment in Mozambique’s tourist sector

16 December 2009

Maputo, Mozambique, 16 Dec – Investors in the tourism sector since Tuesday have had access to an online library with information and Mozambican legislation, an initiative of the International Finance Corporation (IFC), the private sector arm of the World Bank.

The website is intended to improve the amount of private investment in tourism, one of the areas that the government plans to increment, and also has the support of the Mozambican Tourism Ministry.

Via the website (www.tourisminvest.org/Mozambique), potential investors have access to around 200 reports, studies, diagnoses, legislation and guides to investment, documents that had already been partly provided in CD format.

The project also has the support of SNV, the Dutch Development Organisaton, the Sofala Commercial and Industrial Association, Club of Mozambique and USAID.

The IFC is an international financial organisation to support sustainable development of the private sector in emerging markets.

The IFC, which was set up in 1956, has 182 member countries. This year alone, via the IFC, some US$15 billion has been in vested in developing countries. (macauhub)