The Financial Agency of the Federal Government of the United States of America (USA-Exim Bank) is interested in supporting socioeconomic development projects in Mozambique, both through direct financing and mobilizing resources in tandem with other partners.
In addition to supporting investment projects, Exim Bank also participates in feasibility studies.
Also read: The emergence and significance of digital assets in Mozambique
Exim Bank’s position was expressed during meetings in Washington on the 20th and 21st of March between Mozambique’s Minister of Public Works, Housing and Water Resources, Carlos Mesquita, and representatives of North American financing agencies.
Among other agenda items, the object was to present specific infrastructure projects to be carried out in partnership with US companies and financed by those institutions.
Mesquita shared a number of structural projects in a meeting with the chairman of EXIM Bank, Reta Jo Lewis, dedicated to the granting of credits for the export of goods and services aimed also at creating jobs in the USA.
Among these are the rehabilitation of 130km of the Nametil-Moma road in Nampula, with an estimated value of around US$110 million; 334 km of road from Bene to Zumbo, Tete province, estimated at US$340 million; and the construction of the Muera dam in Cabo Delgado province estimated at around US$120 million.
“During the meeting, it was established that technical teams would soon be set up to deepen the analysis of these projects and define an action plan for their development,” explained Andrew Herscowitz, member of the Investment Committee responsible for drawing up development strategies for the DFC (USA Finance and Development Agency) which, in partnership with the private sector, finances projects in the energy, basic infrastructure, and information and communication technology sectors.
In 2020, EXIM BANK approved around US$5 billion in direct financing for the Mozambique LNG project to be implemented by Total and its partners in the Rovuma Basin, in the extreme north of Mozambique.
Also read: Mozambique expands locally-led climate resilience with support from the EU
On this visit, Carlos Mesquita was accompanied by Raul Mutevuie, National Director of Water Supply and Sanitation (DNAAS), Suzana Saranga, President of the Water Regulatory Authority (AURA), General Director of FIPAG Victor Taucal, Chairman of AdRMM Castigo Cossa and senior public works sector staff.