The African Development Bank (ADB) is in a better position to mobilise public-private investment in the field of renewable energy, according to the Deputy Minister of Economy and Finance, Amilcar Tivane.
Speaking on Wednesday in Egypt during the second Session of the ADB Board of Governors, Tivane said that the country was transforming its energy matrix and that the ADB should help in this fair transition process.
“Mozambique is working on the diversification of its energy matrix and we believe that as we get closer to investments in renewable areas the bank can contribute,” he said, stressing that “here the role of the private sector is very important.
On the other hand, Tivane considered that climate resilience and fiscal sustainability is critical in Mozambique due to recurring shocks that reduce the fiscal space to meet climate pressures.
“We think that the African Bank is in the best position to contribute to the integration of all matters relating to climate issues in the macro fiscal frameworks of policy design, especially by lending its knowledge capital to improve the quality of projects aimed at improving climate resilience, adaptation and food security,” he said, quoted by Radio Mozambique.