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EU supports Mozambique’s state budget

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Wednesday, 10 February 2016

EU supports Mozambique’s state budget

The European Union (EU) will provide US$200 million to support the general budget of the State of Mozambique, under an agreement signed Sunday in Addis Ababa, the capital of Ethiopia, according to Mozambican news agency AIM. The ceremony took place at the end of a hearing that Mozambican President, Filipe Nyusi granted to the European Commissioner for International Cooperation and Development, Neven Mimica, on the sidelines of the 26th Summit of Heads of State and Government of the African Union. The Minister of Foreign Affairs and Cooperation, Oldemiro Baloi said after signing the agreement that the main lines of cooperation with the European Union were supporting the state budget, rural development and infrastructure.

Source: macau hub