Mozambique wants Credit Suisse, Privinvest to help pay its bonds
A donor conference to support Mozambique in rebuilding infrastructure and social and economic fabric after Cyclone Idai will take place in late May in the city of Beira, the government announced on Monday.
“We will hold a donor conference in the city of Beira at the end of May, at which we hope to obtain some of the resources that are needed for the reconstruction programme,” Executive Director of the Post-Idai Reconstruction Office, Francisco Pereira, said.
Francisco Pereira, a former deputy minister of Public Works, was speaking in Mozambican capital, Maputo, after taking office.
Teams in the field are making a loss assessment by the end of the month prior to preparing a reconstruction plan.
“This plan will take about two weeks” to be made and will be subject to approval “of the Council of Ministers and partners, always involved in this process,” Pereira said.
Following these steps, the plan will be presented at the donors’ conference, where partners will include the European Union (EU), the World Bank, the African Development Bank (AfDB) and the United Nations.
The Post-Idai Reconstruction Office was created by the Mozambican Council of Ministers on April 9 with the mission of coordinating the rehabilitation of infrastructure destroyed by Cyclone Idai.
The role of the autonomous body was highlighted yesterday by the prime minister, Carlos Agostinho do Rosario, who swore in Francisco Pereira as executive director.
“In creating this office, the government aims to ensure the recovery of infrastructure in the areas of health, education, water supply, roads and bridges, railways, power transmission and distribution lines, and air and sea navigation, among others”, the prime minister said.
According to Mozambican authorities, Cyclone Idai has caused 603 deaths and affected the lives of more than 1.5 million people.