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You are here: HomePortuguese Speaking Countries News[2019-03-11] Portugal, Mozambique and African Development Bank sign programme to support Mozambique

[2019-03-11] Portugal, Mozambique and African Development Bank sign programme to support Mozambique

Source: Macauhub

A memorandum of understanding between Portugal, Mozambique and the African Development Bank establishing the Compact for Mozambique under the Compact Lusophone initiative is due to be signed on Tuesday in Maputo, according to an official statement.

The signing of the document will take place during the official visit of the Portuguese Secretary of State for Foreign Affairs and Cooperation, Teresa Ribeiro, to Mozambique, started on Sunday, as part of the Lusophone Compact initiative launched with the African Development Bank in November 2018, to support private investment in Portuguese-speaking African countries.

The Secretary of State’s schedule includes meetings with the Mozambican Prime Minister, Carlos Agostinho do Rosário, and several members of the Government, between Monday and Tuesday, to take stock of the bilateral relationship, prepare the fourth summit between the two countries and to discuss the prospects for further cooperation in the different areas covered by the Strategic Cooperation Program between Portugal and Mozambique, signed in 2017.

On Tuesday, Teresa Ribeiro will also speak at a dinner-debate organised by the Mozambique-Portugal Chamber of Commerce (CCMP), on the theme of financing development and the role of private investment.

The meeting, which will be attended by businesspeople from both countries, will also have the Minister of Economy and Finance of Mozambique, Adriano Maleiane, and the vice president of the African Development Bank, Mateus Magala as speakers.

The secretary of state will travel to the province of Nampula on Thursday and Friday, where she will visit several projects financed by Portuguese cooperation, namely the programmes developed by the Mértola Heritage Defense Association (ADPM) in Monapo, in the areas of Education, Rural Development and Food Security.

She will also assess the implementation of the “Mozambique Island Grouping” programme, which includes Portuguese cooperation in the areas of preservation and restoration of the island’s historical and cultural heritage, territorial and urban planning and management, vocational training and professional training, and pre-school education and its connection to primary education in the region.