{"id":42726,"date":"2023-07-16T11:45:28","date_gmt":"2023-07-16T11:45:28","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-minister-maleiane-commends-african-development-bank-groups-partnership-during-visit-by-bank-vice-president-akin-olugbade-and-team"},"modified":"2023-07-16T12:00:41","modified_gmt":"2023-07-16T12:00:41","slug":"prime-minister-maleiane-commends-african-development-bank-groups-partnership-during-visit-by-bank-vice-president-akin-olugbade-and-team","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-minister-maleiane-commends-african-development-bank-groups-partnership-during-visit-by-bank-vice-president-akin-olugbade-and-team","title":{"rendered":"Prime Minister Maleiane commends African Development Bank Group\u2019s partnership during visit by Bank Vice-President Akin-Olugbade and team"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>Mozambican Prime Minister Adriano Maleiane has given a resounding endorsement of the African Development Bank\u2019s development strategy in his country. Receiving the Bank\u2019s vice president for regional development, integration and business delivery, Marie-Laure Akin-Olugbade in his office on Thursday, Maleiane complimented the African Development Bank for what he said was its unique approach to development and partnership, which went beyond financing, to humanize its initiatives.<\/p>\n<p>Akin-Olugbade\u2019s courtesy call on the prime minister is part of a six-day official visit to Mozambique. Accompanying her were the group\u2019s Director General for Southern Africa, Lei\u0308la Mokaddem and Country Manager for Mozambique, Cesar Augusto Mba Abogo.<\/p>\n<p>Akin-Olugbade commended the Mozambican government for implementing various reforms that have helped to maintain the country\u2019s stability, and for showing \u201cstrong resilience in the face of such exogenous shocks as climate change, Covid-19, conflict and terrorism.\u201d<\/p>\n<p>Earlier on Thursday, Akin-Olugbade and her team met with development partners and some members of the diplomatic corps in Maputo to discuss collaborative support to Mozambique. Partners included representatives from the World Bank, the Agence Franc\u0327aise de De\u0301veloppement (AFD), the International Fund for Agricultural Development (IFAD), the European Union, the United Kingdom, Spain, Sweden, KfW, The United Nations Office for Project Services (UNOPS) and the United States Agency for International Development (USAID) participated in the meeting.<\/p>\n<p>The African Development Bank team also held meetings with private sector groups as well as the government. Discussions with Economy and Finance Minister Max Elias Tonela on Wednesday focused on the implementation of the recently approved African Development Bank Country Strategy for Mozambique for the period 2023-2028.<\/p>\n<p>Tonela welcomed the new country strategy paper and its alignment with the Mozambican government\u2019s medium and long-term strategies for the economy and private sector development. He said both strategies focused on the creation of jobs and sustained social development.<\/p>\n<p>Tonela noted: \u201cThis strategy is poised to strongly support Mozambique in implementing crucial economic reforms, enabling the country to realize its immense potential and achieve a positive economic outlook. It will serve as a robust framework in our collaboration for driving tangible growth and capitalizing on the abundant opportunities that lie ahead.\u201d<\/p>\n<p>African Development Bank Country Manager Abogo said: \u201cWith this Country<\/p>\n<p>Strategy Paper, we are aiming to maintain our hallmark as a strategic partner of reference for both the Government of Mozambique and other Development Partners who, like the African Development Bank, support this country in facing the challenge of achieving inclusive and sustainable growth.\u201d<\/p>\n<p>One of the African Development Bank-funded projects that the team visited was Agricultural Value-Chain and Youth Empowerment Project. It is a project that supports young farmers and their communities by providing horticulture, irrigation and livestock-related infrastructure. Following the visit, Akin-Olugbade remarked that peace and security are essential for sustainable economic development.<\/p>\n<p>She said: \u201cConflict and violence undermine progress and have long-term adverse impacts. Addressing these issues is paramount for fostering inclusive growth and sustainable development.\u201d<\/p>\n<p>The African Development Bank\u2019s Regional Development, Integration and Business Delivery complex\u2014which Akin-Olugbade manages\u2014oversees the Bank\u2019s $30 billion portfolio and lending across its five regional hubs. It provides strategic leadership on the Bank\u2019s work on fragility and regional integration.<\/p>\n<p>Mokaddem said the visit was an opportune time to recognize the significant position Mozambique holds in the Bank\u2019s ongoing innovative initiatives.<\/p>\n<p>She said: \u201cWe have such examples as the [Bank\u2019s] Security Indexed Investment Bond, the Dakar 2 Food Summit, and support to Zimbabwe\u2019s debt arrears clearance, through the ongoing structured dialogue platform with the country\u2019s creditors and development partners.\u201d She added that this is a process being facilitated by Mozambique\u2019s former president Joaquim Chissano.<\/p>\n<p>The African Development Bank has been actively engaged in Mozambique for more than 45 years, with investments in the country of up to $3.6 billion. It has allocated more than half of this funding in just the past decade.<\/p>\n<p>Mozambique is a key focus of the African Development Bank\u2019s various flagship initiatives for Africa\u2019s transformation, one of them being its Special Agro-Industrial Processing Zones program.<\/p>\n<p>The African Development Bank\u2019s current country portfolio for Mozambique is worth $1.21 billion and is the second largest in the southern region. It comprises 29 projects across energy, transport, agriculture, social and economic governance sectors.<\/p>\n<p>The Bank vice president and her team were visiting Mozambique through Friday, 7 July.<\/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. Mozambican Prime Minister Adriano Maleiane has given a resounding endorsement of the African Development Bank\u2019s development strategy in his country. Receiving the Bank\u2019s vice president for regional development, integration and business delivery, Marie-Laure Akin-Olugbade in his office on Thursday, Maleiane complimented the African Development Bank for what he said was its unique [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":42725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-42726","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":"<!-- 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>Prime Minister Maleiane commends African Development Bank Group\u2019s partnership during visit by Bank Vice-President Akin-Olugbade and 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