The African Development Fund (ADF), the African Development Bank’s (AfDB’s) concessional lending arm, has approved a grant of $19.98-million to finance the implementation of Mozambique’s Economic Acceleration and Governance Support Programme. This funding is the first of two successive general budget support operations for fiscal years 2023 and 2024, each worth about $20-million. The programme will support reforms in two broad areas. The first of these is in improving the private sector enabling environment for economic recovery and green growth. The second is in strengthening the efficiency, accountability and transparency of public expenditure. The programme will enable Mozambique to streamline the regulatory framework and investment facilitation processes that foster private sector development and attract investment in climate-smart agriculture.
