International Financial Cooperation may boost investments in Mozambique

15 April 2013

The International Financial Corporation (IFC) may increase its investments in infrastructure and mining in Mozambique, the executive vice president and managing director, Jin-Yong Cai said cited by Mozambican daily newspaper Notícias.

At the end of an audience with the President of Mozambique, Jin-Yong said that the IFC was prepared to play an important role in Mozambique’s development, particularly by providing advice and financing that may lead to rapid development.

The IFC currently has US$103.5 million invested in Mozambique, and since 1986 has invested US$337.1 million altogether.

The IFC has been working with the government and the private sector on improving the country’s business climate, driving local and foreign investment and supporting increased access to financial services and infrastructure, and also supports small and medium-sized businesspeople through training programmes to improve management skills. (macauhub)