12 °c
London
Sunday, February 5, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Mozambique: World Bank endorses $1.7b strategy to enhance diversification

FurtherAfrica by FurtherAfrica
May 2, 2017
in Africa, Aid, Banking, Currency, Donors, Economy, Finance, Mozambique
Reading Time: 2 mins read
1.3k 13
0
Mozambique to get $350 mln in tax from Eni-Exxon deal
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

The World Bank and Mozambique have partnered in a new Country Partnership Framework (CPF) to promote diversified growth, invest in human capital and enhance sustainability reflecting the country’s five year program (Plano Quinquenal do Governo).

“The country needs to prepare for its upcoming resource-rich status and develop a more diversified and productive economy,” Mark Lundell, World Bank Country Director for Mozambique said.

This will depend on how effectively Mozambique reinvests natural wealth into human, physical and institutional capital.

The Bank’s focus will be on helping the country address the macroeconomic consequences of the undisclosed debt to restore confidence.

Its International Development Association (IDA) and the International Finance Corporation (IFC) will collaborate to stimulate and leverage Mozambique’s private sector including key sectors such as agriculture and its value chains; and energy.

IFC investments and advisory services in the financial sector provide integrated SME development solutions and access to finance.

The World Bank will also work with the International Monetary Fund (IMF) to provide Mozambique with advisory support on fiscal consolidation, debt management and other instruments.

It will also support the country’s efforts in addressing causes of conflicts such as land, forest and natural resources management.

The resumption of budget support operations, which were halted after the debt revelation, will depend on the country’s progress in restoring debt sustainability and an adequate fiscal and microeconomic framework.

Of the total $1.7 billion allocated for the strategy, $120 million is available this financial year. From 2018 onwards, $140 million every year is planned subject to the annual IDA performance-based allocation and overall resource availability.

The strategy was developed and validated following consultations with the private sector, development partners and civil society including national and international NGOs, academia and the media.

Source: Footprint to Africa

Related

Tags: aidbudgetary supportCountry Partnership FrameworkCPFIDAIFCInternational Development AssociationInternational Finance CorporationMark LundellMozambiqueNGOPlano Quinquenal do GovernoWorld Bankモザンビーク莫桑比克
ScanSendShare521Tweet326Share91Pin117Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Fintech

Proof of Reserve saves Africa’s crypto Industry from fake blockchain companies

by Web3Africa
February 5, 2023
Travel

Is travelling to Zimbabwe expensive? The truth

by See Africa Today
February 5, 2023
Insight – The rise of Women entrepreneur in Africa
Finance

AfDB provided US$1B to African women entrepreneurs

by FurtherAfrica
February 5, 2023
Travel

Untapped low budget tourist attractions in Nigeria

by See Africa Today
February 4, 2023
Tech

Heifer selects ThriveAgric DigiCow and Brastorne as winners of AYuTe Africa Challenge

by FurtherAfrica
February 4, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Fintech

Proof of Reserve saves Africa’s crypto Industry from fake blockchain companies

by Web3Africa
February 5, 2023
0

Third-party auditors conduct crypto audits in blockchain or proof of reserve audits, creating a snapshot of all the company's balances...

Read more

Is travelling to Zimbabwe expensive? The truth

February 5, 2023
Insight – The rise of Women entrepreneur in Africa

AfDB provided US$1B to African women entrepreneurs

February 5, 2023

Untapped low budget tourist attractions in Nigeria

February 4, 2023

Heifer selects ThriveAgric DigiCow and Brastorne as winners of AYuTe Africa Challenge

February 4, 2023

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 100,777 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?