Mozambique and EU sign financing agreements totalling 217 million euros

Mozambique and EU sign financing agreements totalling 217 million euros

The Mozambican government on Thursday signed financing agreements with the European Union covering trade, biodiversity, agribusiness and transport. Valued at 217 million euros, the agreements are part of the European Union supported PROMOVE programme which focusses on four key areas: trade facilitation, sustainable natural resources management, sustainable agriculture and agribusiness, and road rehabilitation in rural areas.

The programme operates in the northern province of Nampula and the central province of Zambezia with an overall objective of supporting rural development through fostering sustainable, inclusive and broad-based economic growth and sustainably reducing poverty.

The signing of the agreement is the highlight of the visit to Mozambique by the European Commission’s Director-General for International Cooperation and Development, Stefano Manservisi.

After the signing ceremony, Manservisi stressed that “the European Union has always worked in close partnership with Mozambique and we reiterate our commitment to boosting this cooperation for more inclusive and sustainable growth”.

Mozambique’s Foreign Minister Jose Pacheco welcomed the agreement, pointing out that “the agreements signed today are a clear testimony of the excellent friendship and cooperation between the Republic of Mozambique and the European Union”. He added that the implementation of these four agreements will stimulate both local development and wider growth in Mozambique.

During his visit, Manservisi is due to meet President Filipe Nyusi and attend the Ministerial Meeting of the Portuguese-speaking African Countries and Timor-Leste (PALOP-TL).