6 February 2013

Mozambique: Loan Agreement With African Development Bank

Maputo — The Mozambican government and the African Development Bank (ADB) signed in Maputo on Wednesday a loan agreement worth 3.2 million US dollars under which the ADB will co-finance a project on the sustainable management of land and water resources.

This project seeks to support four districts in the southern province of Gaza (Massangena, Chicualacuala, Mabalane and Guijá) which are prone to severe climate variations, and have been regularly hit by drought and by floods. The project is intended to benefit around 20,000 peasant farmers, of whom half are women.

The project covers agricultural activities, the development of infrastructures, the restoration of natural habitats and landscapes, the management of climate change and community development.

Speaking immediately after the signing ceremony, ADB representative Joseph Ribeiro said the project was being set up to minimize the impacts of climate change, which are already being felt in Mozambican communities, notably through increasingly irregular rainfall patterns.

“This project will increase the capacity of communities to face the connected challenges of the adverse impacts of climate change, rural poverty, food insecurity and land degradation”, he said.

For the government, the Minister of Planning and Development, Aiuba Cuereneia, explained that the project is being financed by the loan of 3.2 million dollars from the ADB, a grant of 15.9 million dollars from the Climate Investment Funds, and 2.2 million dollars from the Mozambican state budget.

In Africa, the Climate Investment Funds are managed by the ADB. These funds are intended to help poor countries in adopting clean technologies, sustainable management of forests, access to renewable energies and climate-resilient development.

“We are signing this project at a moment when Mozambique is being assailed by floods, and all support is needed to relieve the suffering of the families affected by floods in the various parts of the country”, Cuereneia stressed.

The project will be implemented by the National Directorate of Agricultural Services (DNSA) in the Ministry of Agriculture.

Copyright © 2013 Agencia de Informacao de Mocambique. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.