Mozambique: Country to seek agreement with hidden loans creditors - Fitch
Cyclone Idai. File photo: O País
Mozambique is to ask donors for US $3.2 billion in aid for the reconstruction of areas affected by cyclones Idai and Kenneth, the government announced on Tuesday.
“In terms of overall evaluation, the report points out as needs a budget that amounts to US$3.2 billion, designed to respond to the needs of the social and productive sectors and also for the infrastructure area,” Council of Ministers spokesperson Ana Comoana said after the weekly Cabinet session.
Most of this amount will be used to rebuild after the damage caused by Cyclone Idai in central Mozambique in March, the remainder going to areas hit by Cyclone Kenneth in the north the following month.
“The drafting of this report was supported by cooperation partners from the European Union and the UN,” Ana Comoana added.
The amount will be submitted to international donors at the conference to be held between May 31 and June 1 in Beira, the city worst affected by Cyclone Idai, which more than 700 participants are expected to attend.
“We hope that most of this value will come from international partners,” Ana Comoana added.
Cyclone Idai hit central Mozambique in March, causing at least 603 deaths and affecting about 1.5 million people. Cyclone Kenneth struck the north of the country in April, killing 45 people and affecting 250,000.Source: Lusa
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