#Energy #Mozambique
Denys Bédarride
15 novembre 2020 Dernière mise à jour le Dimanche 15 Novembre 2020 à 15:30

Mozambique will benefit from a loan of $ 50 million from the OPEC (Organization of Petroleum Exporting Countries) Fund, in support of its policy of promoting access to energy.

The resources approved on October 30, 2020 by the financial institution, should give a boost to the beneficiary country, in its ambition to provide quality, accessible and sustainable energy to all its population by 2030, in line with the ‘United Nations Agenda 2030.

According to data from the World Bank, the country recorded in 2018, an electrification rate of around 30%.

Mozambique is not the only beneficiary of funding from the OPEC Fund as of the above date. The financial institution is also making loans of $ 35 million and $ 50 million respectively to support El Salvador and Pakistan in their response to Covid-19.

Overall, the $ 135 million was approved through the Fund’s fast-track process, adopted to ensure that finance reaches those who need it most, quickly and efficiently.

Source Ecofin Agency

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