Mozambique: Tourist potential should be advantage to fight poverty – World Bank
Millennium PCE José Reino da Costa and Mozambique's Minister of Land, Environment and Rural Development, His Excellency Celso Correia. Photo: Supplied
Millennium bim and the Ministry of Land, Environment and Rural Development (MITADER), through its National Fund for Sustainable Development (FNDS), on June 7 signed a protocol that creates a US$50 million line of financing for Ecotourism projects.
The agreement was signed during the International Conference on Nature-Based Tourism, a global event promoted by the government of Mozambique in partnership with the Global Wildlife Programme and the World Bank, which is taking place in Maputo City this week.
Through the new credit line, Millenium bim is offering special financing conditions for tourism projects linked to biodiversity conservation and sustainable development.
The advantageous credit facility was created by the Bank and is aimed at micro, small and medium enterprise investments in Mozambique, with the FNDS guarantee fund.
The signing of the protocol took place during the Conference gala dinner where Millennium PCE José Reino da Costa said that “the bank intends, with the creation of this line of financing, to support and inspire our entrepreneurs to invest in ecotourism and thus contribute to the sustainable development of Mozambique”.
The government of Mozambique last week hosted the International Conference on Nature-Based Tourism, an annual global event taking place in Mozambique for the first time. This year’s edition, which was co-organised by the ministries of Land, Environment and Rural Development, Culture and Tourism and Sea, Inland Waters and Fisheries, brought together top-level figures, policy makers, tourism professionals , opinion leaders, conservationists, entrepreneurs and cooperation partners.
One of the largest wildlife conservation event in the world, the conference’s main objective was to debate the challenges of biodiversity conservation tourism in the conservation areas of the world and promote Mozambique rich natural heritage.
Millennium bim, as an agent active in the financial sector, reiterated its commitment to the Mozambican economy and the promotion of sustainable development investment.