London, United Kingdom, 4 March – the United Kingdom government ahs announced it will increase aid to Mozambique by 4 percent over the next two years and by 6.25 percent in the two years after that, according to a statement issued Wednesday in London.
According to the statement issued by the office of the British International Development Minister, Andrew Mitchell, aid to Mozambique will increase from 77 million pounds sterling (US$126 million) in 2011 to 80 million pounds in 2012 and 2013 and to 85 million pounds in the two following years.
Mitchell said that the aid would, “help the Mozambican government to transform the country into a regional centre for trade and investment,” and added that, although aid to the education and health sectors would be maintained, the biggest rises would occur in funding of projects that would create wealth and increase agricultural productivity.
In terms of budgetary aid, which is the type of aid preferred by the Mozambican government, the British minister said that it would remain at current levels but added that a final decision would be made by the end of the year.
The current UK government plans to increase the amount spent on development aid to 0.7 percent of gross domestic product (GDP) as recommended by the United Nations for industrialised nations.
On reviewing its list of destinations for its aid the government decided to remove from the list countries such as Angola, China, India and Russia and increase aid provided to other countries such as Ethiopia, Nigeria, Pakistan and Bangladesh. (macauhub)