Mozambique to receive $143m for development projects
1 October 2010
Development projects in Mozambique have been buoyed after the World Bank agreed to give four International Development Association (IDA) credits totalling $143 million (£90 million) to the country.
A number of schemes will benefit from the announcement, including the Health Commodity Security Project, Spatial Development Planning Technical Assistance Project and additional financing for the Water Services and Institutional Support Project.
Olivier Godron, acting country director for Mozambique for the IDA, observed the extra money will help widen the scope and activities of the country as it tries to achieve long-term development goals.
He added the body will aid the area as it tries to "tackle new challenges such as supporting the government of Mozambique [to] improve its spatial planning capacities through better coordination of existing and planned investments".
South African energy minister Dipuo Peters recently told the Associated Foreign Press the region is searching for investment for a solar-powered plant.