Mozambique: New government aims to reduce debt servicing but meet commitments
OFID partners with Mozambique – Watch
2:01 CAT | 05 Mar 2019
Photo: OFID
The OPEC Fund for International Development (OFID) has signed a US$12 million loan agreement with Mozambique to co-finance a project aimed at strengthening artisanal and industrial fishing to boost food security and improve living standards.
OFID and Mozambique have enjoyed a strong partnership for over 40 years – with public and private sector loans totalling more than US$275 million to date, and targeting mainly the agriculture, fishery, energy, education and transportation sectors.
The country has also benefited from a number of regional and national grants.
To support #foodsecurity and socioeconomic #development in #Mozambique, OFID has signed a US$12m loan agreement to co-finance the construction of port infrastructure in the #Nampula Province benefiting over 18,000 artisanal fishermen. #SDG2 #SDG9 https://t.co/U56fTFk9uh
— OFID (@OFIDnews) March 5, 2019
Source: OFID
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