{"id":15340,"date":"2022-03-07T16:39:26","date_gmt":"2022-03-07T16:39:26","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=15340"},"modified":"2022-03-07T16:00:34","modified_gmt":"2022-03-07T16:00:34","slug":"afdb-grant-to-improve-governance-of-natural-resource-outflows-in-mozambique-five-other-african-countries","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/afdb-grant-to-improve-governance-of-natural-resource-outflows-in-mozambique-five-other-african-countries","title":{"rendered":"AfDB grant to improve governance of natural resource outflows in Mozambique, five other African countries"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>Six African countries will soon benefit from a grant from the Transitional Support Facility (TSF) of the African Development Fund, through a project designed to strengthen national capacity for governing natural resource outflows in Africa.<\/p>\n<p>The African Development Fund is the concessional lending arm of the African Development Bank Group. The Transitional Support Facility has awarded a $2.8 million grant for the Governing Natural Resource Outflows for Enhanced Economic Resilience in Fragile and Transitional Countries (GONAT) project in the selected fragile and transitional countries: the Central African Republic, Chad, Democratic Republic of Congo, Mozambique, Sierra Leone and Zimbabwe. The project was approved in February this year and is expected to be completed by the end-2023.<\/p>\n<p>The project will be implemented by the African Development Bank\u2019s African Natural Resources Centre, building on its ongoing work around illicit trade in Africa\u2019s natural resources and resource-backed loans. It will strengthen the capacity to analyse, monitor, and govern natural resource outflows. In addition, the project will provide policymakers with technical assistance and policy advice.<\/p>\n<p>\u201cNatural resources have the potential to catalyse growth and development in transitional countries. Improved governance of natural resource outflows will support countries\u2019 efforts to achieve sustained recovery from the COVID-19 pandemic, help them to better manage their debts, and reposition their economies for the future,\u201d said Vanessa Ushie, the Acting Director of the African Natural Resources Centre.<\/p>\n<p>The project supports the African Development Bank Group\u2019s policy dialogue on sustainable development, a strategic priority under the last capital increase of the Bank and the replenishment of the African Development Fund. It will contribute to the achievement of the Bank\u2019s High 5 strategic priorities, the AU\u2019s Agenda 2063 and the UN Sustainable Development Goals by boosting domestic revenue mobilisation from Africa\u2019s natural resource sector.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. Six African countries will soon benefit from a grant from the Transitional Support Facility (TSF) of the African Development Fund, through a project designed to strengthen national capacity for governing natural resource outflows in Africa. The African Development Fund is the concessional lending arm of the African Development Bank Group. The Transitional [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":15339,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-15340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AfDB grant to improve governance of natural resource outflows in Mozambique, five other African countries - Mozambique<\/title>\n<meta name=\"description\" content=\"Six African countries will soon benefit from a grant from the Transitional Support Facility (TSF) of the African Develop ...\" \/>\n<meta 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