The African Development Bank (ADB) has granted Mozambique a credit line of around US$60 million for 2014 to develop its infrastructure.

According to the ADB half will be provided as a donation and the other half as interest-free loans, noting that the amount could be increased if the country invests in inter-regional projects.

The bank currently supported 15 projects in Mozambique in the areas of road infrastructure, energy and irrigation, as well as social support and funding of the State Budget.

The strategic vision of the bank, which brings together 80 partner countries, is now focused on infrastructure in what is apparently a new paradigm for supporting development of African countries, which is also being followed by the China-Africa Development Fund.

Source: macauhub