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"Our Regional Director for Southern Africa is now in Mozambique to study the country by the end of the year to see how we can help not only in funding but also in the defining policies that help development In an interview with the Lusa agency, on the sidelines of the African Bank's annual meetings on exports and imports (Afreximbank), which ended Saturday in Abuja, Samuel Loum explained that the report
"We look at countries where we do little business or think we need help, but not with the financial instruments we have, and instead of doing With the current instruments, this specific program for Mozambique consists of advising the government and the central bank on public policies and then defining the necessary financing. "[19659004] Close
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The director of the department explained that this model of assistance works in two stages, the first being the analysis of the country's economy and then the definition of specific financing instruments , taking into account the needs, which makes Mozambique can receive a larger loan, given the revenues that it expects to collect in the coming years.
"We can borrow more if we know exactly how a particular government will pay the loans, and where the income will come to guarantee the payment of these loans," says the economist.
Afreximbank has since disbursed about $ 300 million in support of investment operations in the country since the start of operations, coupled with two loans totaling 35 million euros, one in 2005 and another in 2015, concluded Samuel Loum, who was not able to specify the total amount of funding that will be available following the study that Afreximbank Afreximbank, whose annual meetings took place until the end of the year. to Saturday in Abuja, the capital of Nigeria, is a support bank for trade, exports and imports in Africa and was established in Abuja in 1993. It has a capital of 11.9 billion dollars and its head office is in Cairo.
Shareholders are public and private entities divided into four classes, including African governments, central banks, institutions, regional and subregional institutions, private investors, financial institutions, credit bureaus. Export and private investors, as well as non-African financial institutions and individual investors.
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