Germany donates 15.5 million euros to Mozambique

2 June 2011

Maputo, Mozambique, 2 June – KFW, the German government’s development bank, is to donate 15.5 million euros in direct budgetary aid and sector programmes to Mozambique under the terms of a financing contract signed in Maputo with the Bank of Mozambique.

According to Mozambican daily newspaper, Notícias, of that amount 13 million euros have been earmarked for the State Budget and 2.5 million euros for other priority areas such as the Administrative Courts and Mozambique’s Tributary Authority, which will receive 1.7 million euros.

This aid from the German government is part of the recommendations and commitments made by the Mozambican government and the 19 cooperation partners (G19), the memorandum for which was signed in September, 2009 to take part in the Joint Macro-economic Support Programme.

This is the fifth round of funding from the German government for this programme and is also part of the Mozambique-Germany strategy outlined by the governments of the two countries, which establishes education, decentralisation for rural development and sustainable economic development as priorities. (macauhub)