Switzerland provides US$36 million in aid to Mozambique for 2013-2016

28 June 2013

Switzerland plans to supply Mozambique with two loans worth US$34 million and US$2 million, the former for direct budgetary aid and the latter to finance the Tributary Authority Common Fund, under the terms of agreements signed Thursday in Maputo.

The financing agreements, which were signed by Mozambique’s Finance Minister Manuel Chang and by the Swiss ambassador to Mozambique, Theresa Adam, stipulate that the funding will be provided in the 2013-16 period.

By providing this funding Switzerland is financing part of the Plan of Action to Reduce Poverty and other economic reforms that are being carried out in Mozambique. (macauhub)