World Bank Approves USD 100 Mn Grant To Support MSMEs In Mozambique

The World Bank has approved a USD 100 Mn grant from the International Development Association (IDA), in support of the Government of Mozambique’s Economic Linkages for Diversification Project, which supports Micro, Small, and Medium Enterprises (MSMEs), develop their capacities to provide goods and services to larger businesses, as well as serve the growing cities in the center and north of Mozambique, thus fostering linkages and economic diversification.

The project is aimed at assisting MSMEs to develop their abilities to provide goods and services to major investments along their value chains via skill growth, expanded access to finance and markets, and quality upgrades of their processes and products. The project will also support enabling conditions for economic linkages.