IFAD finances agriculture and artisanal fisheries in Mozambique

18 December 2014

The International Fund for Agricultural Development (IFAD) has granted over US$46 million to Mozambique this year for fisheries and agriculture, Mozambican daily newspaper Notícias reported.

The money is part of funding of US$213 million to be paid by IFAD by 2020.

The government of Mozambique and staff from IFAD met in Maputo to analyse the use of funds in seven projects that are currently underway.

Agricultural projects are being carried out in northern Mozambique, in Zambezia and Limpopo while those linked to promotion of artisanal fisheries are located in the provinces of Cabo Delgado, Maputo, Sofala and Manica. (macauhub/MZ)