MOZAMBIQUE’S main international partners have pledged a total of $722-million in aid for the southern African state in the fiscal year 2002, the World Bank said on Saturday. A press release issued by the World Bank after two days of consultative talks with the Mozambican government said the aid package is aimed at supporting the country’s still fragile economy. About 45% of the general state budget is covered by external aid. The statement said about 80% of the amount pledged will come in form of donations while the remaining 20% will be loans. The Mozambican government had taken to the negotiating table with the Bretton Woods institutions financial requirements of between $500-million and $600-million for next year. – AFP
Friday October 26, 2001