Washington — The World Bank approved today a $100 million grant from the International Development Association (IDA) in support of Maputo Urban Transformation Project. The project will finance critical urban infrastructure investments in the city and support the implementation of municipal reforms.
"This investment will ultimately contribute to harness the role of Maputo as the country's economic powerhouse by investing in urban infrastructure and services, while supporting critical reforms to ensure that urbanization in Maputo can contribute to economic growth, poverty reduction, and structural transformation," noted Idah Z. Pswarayi-Riddihough, World Bank Country Director for Mozambique, Madagascar, Comoros, Mauritius, and Seychelles. Indeed, urbanization has been an essential part of most nations' development, contributing to faster poverty reduction, stronger economic growth, and a climate resilient future.
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