Danish investment in Mozambique

6:06 AM Harts for Africa 0 Comments

Danish Finance Minister Lars Rasmussen on Friday told reporters he was "very impressed by the economic development of Mozambique over the last 10 to 15 years. In that time you have managed to triple your GDP".He was speaking in Maputo after a briefing on the state of the economy from his Mozambican counterpart. Mr Rasmussen said he thought it "crucial to discuss how Mozambique can continue this development in the future, especially in terms of job creation". He wanted to see projects developed that would link Mozambican and Danish businesses. "We are very eager to promote private sector development in third world countries", he said, and suggested setting up a new fund that would help young Mozambicans get started in business ventures.

The total Danish aid to Mozambique announced for the period 2004 to 2007 was the equivalent of 50.42 million dollars a year, and for 2008 the sum rose, in dollar terms, to 55.54 million.

Currently Mozambique is second only to Tanzania in the list of 13 countries that receive direct budget support from Denmark. In terms of project aid, the areas supported by Denmark include rural electrification, telecommunications and the justice sector. - (AIM NEWS)