Sweden will support the development of Mozambique with a financial package of 448 million euros over the next five years, under an agreement signed Monday in Maputo.
The funding will be applied to anti-poverty initiatives, consolidating peace and stability in the country, among other actions included in the five-year programme of the Mozambican government for 2015 to 2019.
Known as the Framework Agreement (Acordo Quadro), the instrument also serves as a platform for other agreements to be signed between the two countries within the five-year period.
Sweden’s support to Mozambique was announced by the Swedish Minister for International Development Cooperation, Isabel Lovin after signing a cooperation agreement with the Mozambican Minister of Foreign Affairs and Cooperation, Oldemiro Baloi.
“Mozambique is one of the main partners of Sweden, our strong ties give us the opportunity to share and develop a dialogue on issues important to both countries,” Lovin said. (macauhub/MZ)