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AID: Mozambique (MRB Nov 2001): Germany to grant $43m.

Asia Africa Intelligence Wire

| November 01, 2001 | COPYRIGHT 2001 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The German government has pledged 89 million marks (about $43 million) to Mozambique under the co-operation programme for 2001/2002. The German authorities made the pledge during bilateral negotiations in Bonn which ended on November 23.

DM54 million is for financial cooperation, and 35 million for technical cooperation, in the areas of rural development, education, economic reform, and developing a market economy in Inhambane, Sofala and Manica provinces.

The current financial co-operation programme with Germany also involves support for the Bank of Mozambique, for the publicly-owned electricity company EDM, for industry and trade, ports and railways, ...

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