EU announces 734 million euros of aid to Mozambique by 2020

27 November 2015

The European Union will support Mozambique with 734 million euros by 2020, under an agreement signed in Brussels as part of the new National Indicative Programme, the European Commission said in a statement Thursday.

The agreement was signed by the European Commissioner for International Cooperation and Development, Neven Mimica, on behalf of the EU, and by the deputy minister of Foreign Affairs, Nyeleti Brooke Mondlane, representing the Mozambican government, said the EU executive.

The Commission also said that the aid of 734 million euros under the new National Indicative Programme for the next five years would be channelled into several areas, two of which deserve special attention – good governance and rural development.

“There have been significant economic and policy developments in Mozambique over the past decades,” said commissioner Mimica, arguing that it is necessary to pursue this course, getting the best out of the “impressive economic potential” of the country.

The previous National Indicative Programme, for 2007-2013, financed under the 10th European Development Fund with a total of 747 million euros, focused on transport infrastructure and regional integration, as well as on rural development and agriculture. (macauhub/MZ)