World Bank provides US$200 million for Mozambique’s budget

6 March 2015

The World Bank will contribute US$200 million to Mozambique’s 2015 State Budget, which will start to be paid out at the end of June, the World Bank’s chief executive said Thursday in Maputo.

Louis Rene Peter Larose also said that in addition to direct budget support, the World Bank had provided US$300 million for implementation of specific projects in Mozambique.

Larose ends today, Friday, a six-day visit to Mozambique, which included a visit to Nampula province, in the north of the country, and meetings held in Maputo, with the Prime Minister, Carlos Agostinho do Rosario, and with the Finance Minister Adriano Maleiane.

The World Bank CEO also announced that the institution began talks with the Mozambican government to define the priority sectors for development of a five-year programme due to be launched in nine months’ time.

“Mozambique has had a very good relationship with the World Bank for over thirty years and I am certain it will be strengthened in the future,” said the World Bank CEO, adding he was impressed with the amount of ongoing projects in the province of Nampula, “revealing the great opportunities available in the country.” (macauhub/MZ)