{"id":34756,"date":"2023-02-27T11:08:23","date_gmt":"2023-02-27T11:08:23","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-endorses-new-country-partnership-framework-for-mozambique"},"modified":"2023-02-27T11:22:32","modified_gmt":"2023-02-27T11:22:32","slug":"world-bank-endorses-new-country-partnership-framework-for-mozambique","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-endorses-new-country-partnership-framework-for-mozambique","title":{"rendered":"World Bank endorses new Country Partnership Framework for Mozambique"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>New World Bank Group Strategy for Mozambique: Greener, Resilient, and Inclusive Development<\/b><\/p>\n

Washington, February 23, 2023 \u2014 The World Bank Group\u2019s (WBG) Board of Executive Directors today [Thursday] endorsed a new Country Partnership Framework (CPF) for Mozambique covering five years (2023-2027), with the overarching goal of supporting Mozambique to achieve a greener, resilient, and inclusive development.<\/p>\n

\u201cThis strategy will invest in inclusive institutions, laying the foundations for a more resilient society. We will support inclusive and green jobs, notably by creating opportunities for low-skilled labor outside subsistence agriculture,\u201d noted Idah Z. Pswarayi-Riddihough, World Bank Country Director for Mozambique, Madagascar, Mauritius, Comoros, and Seychelles. \u201cWe will support human capital and women\u2019s empowerment, thus helping to reduce inequality, improve inclusion, and build resilience.\u201d<\/p>\n

Mozambique has had one of the highest economic growth rates in Sub-Saharan Africa for over two decades. Growth was boosted by large-scale investments in the aluminium and coal industries and facilitated by sound economic management, which helped attract foreign direct investment (FDI) and development aid. The country\u2019s strong growth performance has helped reduce poverty, but unevenly, due to its dependence on extractives.<\/p>\n

\u201cAmid the expected transformational revenue windfall from liquified natural gas exploration, it is critical that Mozambique gradually shifts to a growth model less dependent on extractives,\u201d noted Paulo Correa, World Bank Program Leader for Mozambique and lead coordinator for the Mozambique CPF. \u201cFurthermore, it is important that the country works to create jobs for most of its population,\u201d he added.<\/p>\n

\u201cThe CPF reflects the country\u2019s new priorities and lessons learned from past engagements,\u201d added Fernanda Massarongo Chivulele, World Bank Research Analyst and co-lead in preparing the CPF. \u201cWe will invest in fewer, larger, and transformational investments and emphasize the regional dimension of development with a stronger focus on gender, jobs, economic transformation, and governance.\u201d<\/p>\n

During this new partnership cycle, work will focus on strengthening economic recovery, aligning with the Mozambican government\u2019s reform initiative, Pacote de Medidas de Acelerac\u0327a\u0303o da Economia (PAE), launched in August 2022. The reform package, expected to roll out in 2023-2024, aims to foster private sector development by improving the business environment and aligning fiscal policy with development objectives.<\/p>\n

\u201cWe will continue to pursue opportunities to develop robust public-private partnerships in line with the broader government\u2019s reform agenda,\u201d noted Carlos Katsuya, International Finance Corporation (IFC) Country Manager for Mozambique. \u201cThis new partnership cycle will build on the successful collaboration between the IFC and the International Development Association (IDA), notably through private capital mobilization, which will result in additional investments to those already planned by IDA.\u201d<\/p>\n

The CPF design followed extensive and broad-based consultations with the government, civil society, and the donor community. It carefully considered the government\u2019s strategic objectives, policies, and programs, lessons learned from the previous partnership cycle, and priorities identified under World Bank diagnostics. Additionally, two critical filters were applied in determining the strategy\u2019s priorities: improving resilience and addressing fragility.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. New World Bank Group Strategy for Mozambique: Greener, Resilient, and Inclusive Development Washington, February 23, 2023 \u2014 The World Bank Group\u2019s (WBG) Board of Executive Directors today [Thursday] endorsed a new Country Partnership Framework (CPF) for Mozambique covering five years (2023-2027), with the overarching goal of supporting Mozambique to achieve a greener, […]<\/p>\n","protected":false},"author":84,"featured_media":34755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-34756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nWorld Bank endorses new Country Partnership Framework for Mozambique - Mozambique<\/title>\n<meta name=\"description\" content=\"New World Bank Group Strategy for Mozambique: Greener, Resilient, and Inclusive Development Washington, February ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-endorses-new-country-partnership-framework-for-mozambique\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank endorses new Country Partnership Framework for Mozambique\" \/>\n<meta property=\"og:description\" content=\"New World Bank Group Strategy for Mozambique: Greener, Resilient, and Inclusive Development Washington, February ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-endorses-new-country-partnership-framework-for-mozambique\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-27T11:08:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-27T11:22:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/02\/postQueueImg_1677483512.81.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"986\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-endorses-new-country-partnership-framework-for-mozambique#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-endorses-new-country-partnership-framework-for-mozambique\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"World Bank endorses new Country Partnership Framework for Mozambique\",\"datePublished\":\"2023-02-27T11:08:23+00:00\",\"dateModified\":\"2023-02-27T11:22:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-endorses-new-country-partnership-framework-for-mozambique\"},\"wordCount\":505,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-endorses-new-country-partnership-framework-for-mozambique#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/02\/postQueueImg_1677483512.81.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-endorses-new-country-partnership-framework-for-mozambique#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-endorses-new-country-partnership-framework-for-mozambique\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-endorses-new-country-partnership-framework-for-mozambique\",\"name\":\"World Bank endorses new Country Partnership Framework for Mozambique - 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