24 of February 2016

Mozambican government creates Sustainable Development Fund

The government has approved the creation of the National Sustainable Development Fund (FNDS), to promote and finance programs and projects that support “sustainable, harmonious and inclusive” growth.

FNDS replaces the Environment Fund (FUNAB), which has been extinct, Mozambique news agency AIM reports.

The Minister for Land, Environment and Rural Development, Celso Correia, explained that the new fund is dedicated to encourage and fund development projects, particularly in rural areas. “It is a fund with a different nature – with a range to meet the challenges and inequalities the country faces,” the minister said. The fund will be operational within three months.

Source: Lusa