Mozambique: 1.5 Billion Meticais for Local Development Fund Next Year

Maputo — The Mozambican government has allocated 1.5 billion meticais (about 23 million US dollars, at the current exchange rate) from the State Budget for 2026 to the Local Economic Development Fund (FDEL).

Addressing the Mozambican parliament, the Assembly of the Republic, on Wednesday, the Minister of Planning and Development, Salim Vala, said that this sum “will be supplemented with resources mobilised through the partnerships we are creating’.

The objective, said Vala, “is that by 2027 the…