IDA CREDIT: US$30 million
TERMS: Grace period = 10 years; Maturity = 40 years
The credit will support the implementation of the Maputo Municipal Development Program, also known as ProMaputo. The program will strengthen the City Council’s institutional and financial capacity to support achievement of long term service delivery goals. It is composed of three components: i) Institutional Development and Municipal Governance; ii) Municipal Finance and iii) Planning, infrastructure rehabilitation and service delivery improvements.