IDB, ABEDA to finance more projects in Mozambique
Date 2011/6/28 17:40:06 | Topic: Mozambique
| 20110627
xinhua
MAPUTO, June 27 (Xinhua) -- Mozambican will soon sign agreements for new projects with the Islamic Development Bank (IDB) and the Arab Bank for Economic Development in Africa (ABEDA), the Finance Ministry said on Monday.
The agreement will be signed in the framework of the 36th annual meeting of the IDB taking place this week in Jeddah, Saudi Arabia, where Mozambique will be granted 11.9 million U. S. dollars for water projects in Cabo Delgado in the northern region of the country and Gaza province in the south.
The IDB will also inject 312.5 million dollars for the revitalization of the National Cotton Institute, while ABEDA is to provide 10 million dollars for the construction of schools and technique Institutes in the provinces of Cabo Delgado and Niassa in the northern region of the country.
In addition, they will sign agreements of 9 million dollars for the construction of agrarians Institutes in Gaza and Manica provinces.
These agreements will be signed by Finance Minister Manuel Chang, who is accompanied by a delegation including the governor of the central bank, Ernesto Gove.
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