Maputo — The government of the central Mozambican province of Sofala has admitted that so far the repayment of loans under the Local Initiative Investment Budget (OIIL) has been "insignificant", reports Monday's issue of the Maputo daily "Noticias".
This initiative refers to the sum, initially of seven million meticais (about 280,000 US dollars) a year, allocated from the central budget to each of the 128 districts for projects to increase food production and create jobs. The money is handed over, not as a grant, but as a soft loan which the beneficiaries are supposed to repay.
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