Mozambique Expects to Get $10 Billion in World Bank Support

Mozambique expects to secure about $10 billion in financing from the World Bank Group in the coming years to support economic growth and job creation, the finance minister said.

The state will receive $6 billion through 2031, Finance Minister Carla Loveira said in Maputo, the capital, on Monday. A further $4 billion will come from the World Bank’s private-sector arm, the International Finance Corp., she said after meeting with Fily Sissoko, the bank’s country director for Mozambique, and President Daniel Chapo.