Tuesday, 07 July 2015

Germany approves US$142m aid for Mozambique

The Mozambican Foreign Minister Oldemiro Baloi and German ambassador Philipp Schauer signed a deal worth US$142 million for various development projects, over a two year period. The three priority areas in the cooperation between Mozambique and Germany: education, decentralization for rural development, and sustainable economic development. Baloi said the agreement was expected to have “a catalyzing impact” on implementation of the strategic objectives of the Mozambican government’s Five Year Programme for 2015-2019:  “We are pleased at Germany’s commitment to continue granting support to the economic and social development of Mozambique, and thus to the government’s efforts to reduce poverty,” said Baloi.