IDA CREDIT: US$15 million
TERMS: Grace = 10 years; Maturity = 40 years
PROJECT DESCRIPTION: The US$15 million in additional lending for the Government of Mozambique’s Higher Education Project (HEP) will cover the financing gap in the original HEP, created by overruns in civil works and equipment. It will also be utilized to scale up successful on-going higher education science and technology programs being implemented under the project, including the provincial scholarship fund, the competitive Quality Enhancement and Innovation Facility and the National Research Fund. Disadvantaged science students and excellent performers in science and technology will also benefit from the additional credit.