Germany hands over funds pledged to Mozambique

22 June 2010

Maputo, Mozambique, 22 June – The German government handed over 18 million euros to Mozambique, in direct budgetary aid, under the terms of a commitment made by the 19 programme support partners, Mozambican daily newspaper, Notícias reported.

The financing contract was signed Monday in Maputo by the governor of the Bank of Mozambique, Ernesto Gove, and by the director of German development bank KfW in Mozambique, Ralf Orlik, representing the German government.

With this agreement, Germany joins other partners that have already provided aid to the 2010 State Budget, namely the United Kingdom, Canada, Denmark, the European Union, Ireland, Norway and the African Development Bank (ADB).

With this contribution, German budgetary aid now totals 77 million euros, which according to the governor of the central bank shows a commitment by Germany to Mozambique’s development.

German cooperation, other than budgetary aid, also covers other areas, namely technical assistance, particularly support from studies and pilot projects for banks, specifically micro credit.

Mozambique/Germany cooperation defines education, Decentralisation for Rural Development and Sustainable Economic Development as priority areas. (macauhub)