Moz signs $100m loan deal
2009-07-18 11:00
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Maputo - The Mozambican government on Friday signed two $103.4m loan agreements in Maputo to assist with health and information technology.
Speaking at the signing ceremony Planning and Development Minister, Aiuba Cuereneia said the loans would be used for the Southern African country's poverty alleviation programmes.
The agreements which were signed by World Bank interim representative, Luiz Tavares and Cuereneia consisted of a $75.6m agreement to fund health and information technology from the World Bank and another one of $15.6m from the Canadian government, $4.3m from the Swedish government and $7.9m from the Russian government.
Cuereneia said projects run by the ministries of science and technology, health and transport and communications would benefit from the loans.
Tavares said the amount destined for the health sector would seek to reduce high mortality rates in children and women caused by malaria, tuberculosis, HIV/Aids and pregnancy complications.
It would also fund the construction of 25 health centres in three poor northern provinces.
- SAPA