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German Funding for Mozambican Budget

The German government on Tuesday pledged to channel aid of 7.5 million euros (about nine million US dollars) in direct support to the Mozambican state budget.

The German government on Tuesday pledged to channel aid of 7.5 million euros (about nine million US dollars) in direct support to the Mozambican state budget.

An agreement to that effect was signed in Maputo between the German Development Bank (KFW) and the Bank of Mozambique.

According to the German ambassador, Ulf-Dieter Klemm, this is the first time Germany has agreed to make funds directly available to the budget of any of the countries that receive German aid.

He said this was a sign of the trust of the German government in the Mozambican authorities, and promised that Germany will continue to help implement the government's Action Plan for the Reduction of Absolute Poverty (PARPA).

"Germans may ask why we have taken this attitude towards a country such as Mozambique", said Klemm. "But we took this decision because we trust this government. It is a responsible government, with targets that are well established under PARPA".

The governor of the Bank of Mozambique, Adriano Maleiane, also thought the agreement was an indication of the trust between the two countries, and particularly German trust in the programmes drawn up by the Mozambican government.

"As ever, we will be able to channel this money to its destination - which is PARPA", stressed Maleiane.

Fonte: AIM


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