Brazilian government to open US$100 million credit line for Mozambique

18 April 2012

The Brazilian government plans to open a US$100 million credit line for the acquisition of equipment to support Mozambique’s agriculture sector in the scope of the More Food Programme, Mozambican news agency AIM reported on Tuesday.

The announcement was made during the Brazil-Mozambique Seminar held in the Brazilian city of Uberaba (Minas Gerais state), which gathered around 300 delegates. Mozambique was represented by an 80-member delegation headed by Prime Minister Aires Ali, who on Monday began a three-day working visit to Brazil.

Aires Ali said that Brazil’s support in this area, to be implemented by that country’s Embrapa agro-livestock research company, comes at a crucial time for Mozambique, which currently faces agriculture production difficulties, adding that he hoped the More Food Programme would lead to higher vegetable production.

The prime minister also discussed the ProSavana project now under way in Mozambique, which counts Brazil and Japan as partners. Its aim is to develop competitive and sustainable agriculture in Mozambique’s tropical savannas region along the Nacala Corridor.

“We view the ProSavana project with utmost pragmatism and seriousness, as demonstrated by the nearly US$13 million being applied in the technical area, which includes study visits and exchanges involving experts from Mozambique, Brazil and Japan,” Aires Ali said. (macauhub)