NEWS WIRE: Mozambique: International Fund for Agricultural Development, African Development Bank Loaning $3.5m to Rural Banks, Microfinance Institutions

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Thursday, November 12, 2009

NEWS WIRE: Mozambique: International Fund for Agricultural Development, African Development Bank Loaning $3.5m to Rural Banks, Microfinance Institutions

» Posted by in Category: Africa at 9:20 am

Source: Macau Hub.

Complete article available online.

MAPUTO, Mozambique, November 9 – The Mozambican government is providing USD 4.2 million…from the International Fund for Agricultural Development and the African Development Bank…targeted exclusively at rural financial support programs…as well as fostering an institutional environment and policies conducive to development and sustainable supply of financial services in rural areas of Mozambique.

The program operates with three instruments; a USD 3.5 million credit line, technical assistance of USD 40,000 and a distribution donation of USD 750,000….

Complete article available online.

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