IMF Approves Funds For Mozambique To Improve Transportation

The World Bank has approved the equivalent of $250m from the International Development Association for Mozambique to improve transport in the capital, Maputo. <br />World Bank Director for Mozambique Idah Pswarayi-Riddihough says the funds will be used to improve road access to poor neighbourhoods and improve the country's transport system and other infrastructure projects. <br />She says the operation will ultimately contribute to expanding economic opportunity and social inclusion. Poor access to jobs and services is a major constraint on urban economic productivity.