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    8 December, 2014
World Bank loan for budget support
 
Maputo, 8 Dec (AIM) – The World Bank’s Board of Directors on 5 December approved a loan of US$110 million to support the Mozambican government’s state budget for 2015, and its poverty reduction programme (known by the acronym PARP).

The World Bank is one of main funding agencies which provide Mozambique with direct budget support.

The money is a loan from the International Development Association (IDA), the branch of the World Bank group that provides soft loans to developing countries. It is part of the tenth Poverty Reduction Support Credit (PRSC X), which, according to a World Bank press release, is intended “to assist the Republic of Mozambique in improving its business climate and increasing transparency in the management of extractive industries; strengthening social protection; and enhancing public financial management”.

The release adds that this series of loans “is an important component of the World Bank Country Partnership Strategy (CPS) with Mozambique and supports the institution’s twin goals of ending extreme poverty and promoting shared prosperity”.

Cited in the release, Mark Lundell, World Bank Country Director for Mozambique, said “the reforms supported by this operation will precisely contribute to a more inclusive growth that addresses the weakened relationship between growth and poverty reduction.”

“This operation”, he added, “represents our commitment to the country’s development priorities and its poverty reduction agenda. The successive PRSC series has facilitated improvements in public sector capacity, greater efficiencies of public finance management, and improvements in the country’s business environment.”

The World Bank Task Team Leader for the PSRC, Enrique Blanco Armas, said “reforms to simplify business licensing and registration support private sector growth and employment creation. Likewise, improving public investment management systems will result in investments with higher returns and a bigger impact on the well-being of the population”.
(AIM)
 
 
  2 December, 2019  
 
AIDS related deaths fell 20 percent over five years
 
President Filipe Nyusi declared on 1 December in the northern city of Nampula that the number of deaths from HIV/AIDS in Mozambique fell by 20 per cent between 2014 and 2018.

 
  18 November, 2019  
 
President addresses Catholic Bishops
 
President Filipe Nyusi on 16 November challenged the Catholic Church to continue its commitment to achieving the social well-being of Mozambicans and indicated that dialogue should be one of the paths chosen.

 
  17 November, 2019  
 
New water system for Gorongosa inaugurated
 
More than 30,000 people will benefit from clean drinking water in Gorongosa town, in the central Mozambican province of Sofala, thanks to a new water supply system that President Filipe Nyusi inaugurated on 15 November.

 


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