World Bank grants Mozambique US$57 million loan

9 October 2012

Mozambique has secured funding of US$57 million from the World Bank, the agreement for which was signed by the Mozambican Minister for Planning and Development, Aiuba Cuereneia and by the resident World Bank representative in Mozambique, Laurence Clarke.

The US$57 million is split into US$40 million for additional funding of the Project to Support the Education Sector (ESSP), US$15 million provided by Japan but managed by the World Bank for the Sustainable Irrigation Development Project (Proirri) and US$2 million for technical assistance in the area of climate change.

At the signing, Minister Cuereneia said that the US$15 million for Proirri would be used to expand rice production and yield in Sofala and Zambézia provinces, establishing partnerships and setting up a body to coordinate irrigation facilities in rice production systems, developing and adopting new technologies such as improved varieties of rice, amongst other aspects.

The World Bank ahs so far provided US$70 million for the Proirri project, which is due to be concluded in June, 2017. (macauhub)