World Bank approves US$70 million loan to Mozambique

26 September 2011

Washington, United States, 26 Sept – The World Bank has approved a loan of US$70 million to Mozambique to improve water supply to Maputo and the country’s capacity to deal with natural disasters, the bank said.

The loan will be provided by the International Development Association (IDA), which is part of the World Bank group, and will be used to execute the National Project for Development of Water Resources.

This project aims to boost and develop the management of water resources and increase the capacity of the Corumana dam, in the south of the country, to store water with the aim of increasing the water supply to Maputo province.

The project also benefits from co-funding of US$10 million (272 million meticals) of the Pilot Programme for Climate Elasticity (capacity to stand up to climate change), managed by the World Bank. (macauhub)