19 April 2013

Mozambique: IFC May Increase Investments in Mozambique

Maputo — The International Finance Corporation (IFC), the member of the World Bank Group that focuses on the private sector in developing countries, is considering increasing its investments in infrastructure and mining in Mozambique.

This was revealed after a meeting on 11 April in Maputo between the Chief Executive Officer of IFC Jin Yong Cai and Mozambican President Armando Guebuza.

Jin Yong Cai told reporters that “IFC is ready to play an important part in Mozambique’s development through advice and financial support that can foster rapid and inclusive development”.

Speaking at the end of the meeting, Jin Yong Cai expressed his gratitude for the President’s willingness to meet with the IFC to analyse how international financial institutions can have a role in transformational projects that would share the benefits of prosperity in an inclusive manner.

The meeting between the President and Jin Yong Cai discussed natural resources, infrastructure and other sectors that could benefit the country’s development.

Since 1986 IFC has invested 337.1 million US dollars in Mozambique.

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