Mozambique: Debt service cost more than healthcare in H1 - Lusa
Reuters / President of African Development Bank Akinwumi Adesina walks during the Africa CEO Forum in Abidjan, Ivory Coast, March 22, 2016.
The African Development Bank (AfDB) said on Monday it planned to triple its financial support to Mozambique to $1.7 billion, to assist the resource-rich southern African nation hard hit by the slump in commodity prices.
“We are planning to increase our level of financial support to Mozambique to $1.7 billion from the year 2016-17″, the bank’s president Akinwumi Ayodeji Adesina said after meeting with Mozambique president Filipe Nyusi.
The current portfolio of the AfDB in Mozambique consists of 19 projects totaling more than $600 million.
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.