African Development Bank to continue supporting projects in Mozambique

12 August 2013

The resident representative of the African Development Bank (ADB) in Mozambique, Joseph Ribeiro, Friday in Maputo re-stated the ADB’s intention to continue funding development and poverty reduction projects in Mozambique.

Ribeiro, who was speaking at the launch of the ADB’s Strategy for Africa in the 2013-2022 period, noted that the bank had already provided funding and that the ADB started operating in Mozambique in 1997. Since then, he said, it had been investing in transport infrastructure, water and sanitation, rural electrification, agricultural irrigation, schools, hospitals, as well as support for the state budget, estimated at US$2.3 billion.

“The extractive industry, through direct funding to the private sector, has also benefitted from the Bank’s funding, notably by funding mega-projects in the mining and natural gas sectors, which drove the growth of these industries, and which is expected to see further growth in the next few years,” said Ribeiro.

The permanent secretary of the Ministry for Planning and Development (MPD), Salimo Valá noted that the ADB’s had provided significant funding for emergency work on the Massingir Dam, asphalting the Nampula-Cuamba road, for the rural water and sanitation programmes in the provinces of Nampula and Zambézia, the water supply to the cities of Lichinga and Cuamba, refurbishment and expansion of the Lower Limpopo irrigation area and directly financed the State Budget. (macauhub)