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Portfolio of Projects Financed by ADB in Mozambique Exceeds US$1 Billion

Portfolio of Projects Financed by ADB in Mozambique Exceeds US$1 Billion

The representative of the African Development Bank (ADB) in Mozambique, Cesar Augusto Mba Abogo, said on Tuesday, 21 March, that the bank’s project portfolio in the country exceeded US$1 billion, a figure that is concentrated in priority areas such as agriculture, energy and transport.

Speaking at the 11th edition of the Economic Briefing, organised by the Confederation of Economic Associations (CTA), Cesar Augusto Mba Abogo said that the existence of an alliance between the government, private sector and development partners had a positive influence on the development of African countries, particularly Mozambique.

“As ADB, we intend to work with Mozambique on improving the fiscal situation and generating decent jobs, as a way to boost inclusive growth. We have a strategic partnership that is focused on the areas of energy, transport and agriculture, where our project portfolio already exceeds 1 billion meticals, and we will continue to help in making the business environment more competitive,” said the representative.

Cesar Augusto Mba Abogo said that to improve the economic environment in Mozambique, the ADB was finalising its new growth strategy, which would focus on two main priorities such as economic governance and support for the transformation of the value chain of the agricultural sector.

“With regard to economic governance, we are talking about supporting the reforms that the Government is implementing both in the policy area and in the business climate. We are also working with the Ministry of Economy and Finance to support some measures that are contained in the Economic Acceleration Package of Measures (EAP),” he highlighted.

See Also

Recently, the African Development Bank proposed to the Mozambican government a new strategy for the period 2023-2028, aimed at mobilising resources for social and economic development programmes.

Diário Económico



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