9 February 2016

Mozambique: EU to Provide €200 Million in Budget Support

The European Union has pledged to disburse €200 million (US$217 million) to Mozambique in direct budget support under an agreement signed on 31 January in Addis Ababa.

The agreement was signed by Mozambican Foreign Minister Oldemiro Baloi and by the European Commissioner for International Cooperation and Development, Neven Mimica, after an audience granted to the European official by President Filipe Nyusi, who was attending the African Union heads of state summit.

Speaking immediately after the signing, Baloi said the main areas of cooperation between Mozambique and the EU are support for the state budget, rural development and infrastructure. The meeting between Nyusi and Mimica, he added, also discussed "other strategic matters".

For his part, Mimica said the meeting with President Nyusi allowed an assessment of political and economic cooperation, and of the partnership between the EU and Mozambique. "We discussed the disbursement of EU support for Mozambique, and signed with the Foreign Minister an agreement worth €200 million in direct budget support".


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