The
International Development Fund of the Organisation of Petroleum Exporting
Countries (OPEC) has approved funding of US$209.2 million to carry out a
variety of projects in Mozambique, according to the Mozambican press.
The
approved funding will be channelled into development projects in Mozambique in
the agricultural, energy, transport and communications, education, health and
industrial sectors.
Of
that amount, US$34.6 million will be used to rebuild roads to link several
points in Mozambique to some of the member countries of the Southern Africa
Development Community (SADC).
Following
a number of projects launched in 2004 this funding will mainly improve a
119-kilometre section of road linking Mozambique to Zambia.
Since
it was set up in 1976, the OPEC Fund for International Development has provided
US$14.1 billion for social and economic development programmes in developing
nations, including Mozambique. (macauhub).
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