Maputo — The World Bank has approved grants and loans totalling 57 million US dollars for the project to interconnect the Mozambican and Malawian electricity grids.
According to a World Bank press release, the Bank's Board of Executive Directors decided on Tuesday to provide Mozambique with a 42 million dollar grant, and Malawi with a loan of 15 million dollars, both from the International Development Association (IDA), that part of the World Bank group that provides soft loans and grants for the world's poorest countries.
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