The President of the Republic, Daniel Chapo, met on Saturday, February 14, with the president of the Arab Bank for Economic Development in Africa (BADEA), Abdullah Almusaibeeh, to secure a new phase of financial cooperation focused on climate resilience and strengthening basic social services in Mozambique.
According to a publication by the Mozambique Information Agency, the meeting took place in Addis Ababa, Ethiopia, on the sidelines of the 39th Ordinary Conference of Heads of State and Government of the African Union (AU) and the 35th Conference of Heads of State and Government of Member Countries of the African Peer Review Mechanism (APRM).
At the meeting, the parties analyzed the existing relations between the bank and the Mozambican state, and also outlined strategies to enable new investments aimed at improving the living conditions of the population.
Almusaibeeh described the conversation as productive and assured that there are no fundamental disputes. “Today we had a productive meeting with Daniel Chapo, we discussed issues of interest between BADEA and Mozambique. In reality, there are no problems, just some challenges that will be managed accordingly.”
Among the priority issues was also the response to the impacts of natural disasters that have affected the country, where the institution’s willingness to mobilize resources for reconstruction was assured.
He said that the guidelines provided by the head of state will serve as the basis for implementing the agreed initiatives, and that concrete results will be ensured for communities, with a special focus on social infrastructure and local development.
“We have heard the instructions and will work on that basis. Our technical teams will meet shortly to develop various initiatives for the benefit of the Mozambican people,” he said.
Abdullah Almusaibeeh said that issues related to old debts had been addressed and that there was mutual understanding for their settlement and the consequent release of new lines of credit, with plans to direct financing to areas considered strategic.
In 2024, the government approved 12 agreements for the implementation of development projects, valued at $585.9 million. Specifically, of the total amount, $20 million was provided by the Arab Bank for Economic Development in Africa, $431 million by the World Bank (WB), and $134.9 million by the African Development Bank (AfDB).
The BADEA funds were earmarked for financing the government initiative “One District, One Hospital,” while the World Bank funds will be used to promote the projects “Climate-Resilient Roads in the North” and “Green Energy Corridors,” as well as to revitalize district and community health services.
