The African Development Bank (AfDB) revealed that its portfolio of projects in Mozambique totalled 85.5 billion meticais (1.3 billion dollars). This portfolio is made up of 42 operations grouped into 35 projects, reflecting an ongoing commitment to promoting development and structural transformation in the country.
The information was provided by the recent report published by the AfDB, entitled “Country Focus Report 2024: Mozambique Driving Transformation”. According to the document, the country has benefited from a history of significant support, with access to resources from the African Development Fund (ADF) and various programmes, including the Transition Facility (TSF), created in 2008 to help countries affected by conflict consolidate peace and resume growth.
The report highlights that by June 2024, the AfDB’s portfolio includes substantial investments in infrastructure, transport and communications, as well as energy and climate resilience.
Around 44 per cent of the portfolio’s total value is allocated to the private sector, evidencing a focus on promoting private investment. The AfDB’s current “Country Strategy Paper 2023-2028 for Mozambique” has as its main goals improving fiscal results, increasing the capacity to create quality jobs and fostering inclusive growth.
Priorities include improving economic governance and the business environment to attract investment and the sustainable transformation of agricultural value chains.
In addition to national projects, the AfDB is involved in high-impact regional initiatives such as the Maputo-Johannesburg railway corridor and regional climate resilience projects. The institution has also offered support in the form of specialised knowledge and consultancy services to help Mozambique achieve sustainable development.
This report is part of a wider set of 54 Country Focus Reports published by the African Development Bank. The documents assess the experience of countries in accessing finance for structural transformation and highlight the shortcomings of the current global financial system.
The recommendations cover five main areas: leveraging private sector finance, increasing climate finance, reforming multilateral development banks, reviewing debt resolution mechanisms and improving domestic resource mobilisation. These proposals aim to correct structural flaws and offer practical guidelines for more equitable and sustainable development.
