Mozambique: World Bank Loan for Access to Finance and Economic Opportunities

The Board of Directors of the World Bank on 31 March approved a US$300 million loan for the Mozambique Access to Finance and Economic Opportunities project. The project will last for six years (2023-2029) and is financed by the International Development Association (IDA), the branch of the World Bank Group that provides grants and low to zero-interest loans for projects and programmes in the world’s poorest countries that are intended to boost economic growth, reduce poverty, and improve poor…