The African Development Bank (AfDB) said on Monday it planned to triple its financial support to Mozambique to $1.7 billion, to assist the resource-rich southern African nation hard hit by the slump in commodity prices.
“We are planning to increase our level of financial support to Mozambique to $1.7 billion from the year 2016-17″, the bank’s president Akinwumi Ayodeji Adesina said after meeting with Mozambique president Filipe Nyusi.
Source: Reuters
