Mozambique wants to cooperate with BRICS countries and access funds from BRICS bank – Nyusi | Watch

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Mozambique wants to cooperate with BRICS countries and access funds from BRICS bank – Nyusi | Watch

10:56 CAT | 25 Aug 2023

Screen grab: GovernmentZA on Youtube

The President of Mozambique, Filipe Nyusi, said yesterday, in Johannesburg, that the country wants to cooperate with the BRICS countries and that it intends to access funds from the bank of that multilateral organisation.

“We welcome the fact that the financing component of vital economic and social infrastructure is privileged, with emphasis on the concrete need to build roads and bridges, schools, hospitals, dams and other water retention and management systems, among others”, said. the Mozambican head of state, speaking as a guest at the organization’s 15th summit, in South Africa.

Referring to the New Development Bank of the BRICS (Brazil, Russia, India, China and South Africa), President Nyusi highlighted that “it should reduce the infrastructure deficit on the African continent”.

READ: BRICS bank can help African countries tackle urgent challenges

“These infrastructures are very important in boosting economic progress, which could create well-being for Mozambicans,” said Nyusi

Filipe Nyusi participated yesterday, in Johannesburg, in the “BRICS Plus Dialogue” and “BRICS -Africa Outreach” initiative, within the scope of the BRICS summit.

“By joining these dialogues, Mozambique does so with the conviction that the BRICS can constitute yet another outstanding way to share interests and efforts through concrete actions, providing mutual benefits in an environment of complementarity and solidarity that characterizes the global South, in various matters of structuring interests of our States”, explained the President.

Nyusi also recognized that “the cooperation initiative of the BRICS with non-BRICS countries such as Mozambique, combined with the bloc’s expansion, represents an added value for the materialization of African initiatives” for the development of the continent.

“These developments will only be possible with peace and stability, the firm fight against terrorism, maritime piracy on the African continent and in the world, based on multilateral forums with the active participation of less developed countries, in line with the dictates of international law. and without the influence of geopolitical rivalries”, Nyusi added.

In his speech, the Mozambican head of state stated that it is “urgent” to adopt “a fair energy transition, which allows the capitalization for development of the economic potential of African countries with energy resources which , undoubtedly, play a fundamental role in global energy security in the coming decades”.

Nyusi also defended “industrialization through the consolidation of regional value chains of various products”, based on “the construction of infrastructures that connect the African continent to enhance the continental free trade zone”.

“Standing out, is how important the processing of agricultural products and of strategic minerals in our countries is, combining resources from various countries for economic gains, economies of scale and access to energy under viable conditions, where Mozambique should play an important role in view of the potential of its energy matrix and strategic geographic location”, Nyusi also pointed out.

READ: No new BRICS bank members to be announced at summit: CFO

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You may watch President Nyusi’s address in the video below, from 1:41:42.