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Economy / Mozambique

Mozambique

December 2010 | Risk Summary

The African Development Bank (AfDB) has granted Mozambique US$1.7bn since it began operating in the country in 1977, according to bank representative Alice Hamer. The funding has been used in 87 development projects. The AfDB's current portfolio of 18 projects, funded through loans and donations, totals US$475mn and focuses on developing rural infrastructure, particularly as it relates to agriculture. Hamer was speaking during a visit to the city of Maxixe to inaugurate a recently completed water supply system in the region which was built as a collaboration between the AfDB and the Mozambican government.

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