Mozambique: World Bank to close partnership framework by year’s end

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Mozambique: World Bank to close partnership framework by year’s end

9:55 CAT | 18 Sep 2025

File photo: Macauhub

The World Bank said on Tuesday that the new Partnership Framework with Mozambique should be finalised by the end of the year, but said it did not commit to a $50 billion investment package, as reported.

“Concerning a recent news report referring to an investment package of $50 billion for Mozambique, this figure does not correspond to any formal commitment, nor has it been the subject of any official discussion by the World Bank,” said a statement from the World Bank’s Country Office.

The president of Mozambique pointed to agriculture, agribusiness and tourism as strategic areas for job creation in the country, during a meeting in Maputo with the vice-president of the World Bank Group (WB), Ndiamé Diop, to discuss investment opportunities in the African country.

A statement issued by the Presidency on 12 September reads that “President Daniel Francisco Chapo, today pointed to agriculture, agribusiness and tourism as some of the strategic sectors for job creation in Mozambique, arguing that the labour agenda should guide all development policies,” adding that the meeting with Diop discussed, among other things, investment opportunities of “around $50 billion [€42.6 billion]” in the country.

According to the WB Office in Mozambique, “discussions and public consultations on the group’s financial and technical support” to the country “for the next five years are currently underway”. They will be “formally announced after the discussion on the next Country Partnership Framework by the World Bank’s Board of Executive Directors, which is expected to take place before the end of the year”.

“The World Bank Group remains firmly committed to Mozambique’s development priorities and looks forward to continuing to strengthen its partnership with the government through a comprehensive strategy aligned with the country’s aspirations,” the statement concludes.

The WB will go ahead with a five-year partnership with Mozambique, focusing on tourism, energy and youth qualifications, as the president of the institution announced on 20 July, defending the urgency of the country stabilising its accounts.

“The first thing Mozambique must do is make an effort to stabilise its macro-fiscal situation. Because if you don’t do that, it’s very difficult to give stability to a population and attract the private sector,” said WB president Ajay Banga, questioned by Lusa at the end of a two-day visit to the country.

“You have a young and growing nation. And that’s your dividend,” he emphasised, pointing to the priority of “dignity” in employing the population and qualifying young people: “We don’t have 30 years to do this properly. Because if young people don’t have hope, they will do things we don’t want, including migrating to other places and causing instability.”

Banga, who met with President Daniel Chapo the previous day in Maputo, argued that it is necessary to “give young people a chance” and that the private sector creates jobs.

“There are four or five things that we, as an institution, can do with Mozambique. Create a new national partnership framework, a five-year vision, help with energy, with the corridors [three, linking ports to the interior and neighbouring countries], with agriculture and small businesses, with qualifications and with tourism,” he said, reinforcing the call for the country’s macro-fiscal situation to be organised.

“They have sun, gas, and hydroelectric power. They have the capacity to create electricity (…), they are one of the largest suppliers of the energy network in southern Africa, there is a huge demand for electricity in other countries, and in most cases, there is a shortage. So the possibility of earning foreign exchange and at the same time becoming a regional electricity integrator is enormous,” emphasised the WB president.

Source: Lusa