Italy grants further loans to Mozambique

3 September 2010

Maputo, Mozambique, 3 Sept – Italy plans to support Mozambique with a financial package of 66 million euros for the 2010-2012 period, under the terms of three cooperation agreements signed in Maputo by members of the governments of both countries.

The three agreements are related to the trilateral project carried out with Brazil for the urban renewal of the Chamanculo “C” neighbourhood, in Maputo, worth 1.27 million euros, the agreement for Italy’s membership of the Common Education Fund (FASE), of 3.87 million euros, and a new framework agreement for sector cooperation which replaces the current agreement, signed in 1996.

Under the terms of the new framework cooperation agreement, Italy will provide Mozambique with 60 million euros in key sectors such as health, education and training, decentralisation and rural development.

Italy, which is one of the members of the so-called Group of 19, has had diplomatic relations with Mozambique since the country’s independence 35 years ago. (macauhub)