EU Raises $47M for Mozambique Climate Response, Debt Arrangement

Maputo — The European Union (EU) has raised 47 million US dollars to support Mozambique's response to climate change and access to sustainable energy. According to Delphine Perremans, ambassador of Belgium to Mozambique, who was speaking on Wednesday, in Maputo, the Belgian Development Agency and Mozambican government agencies (the National Energy Fund, FUNAE, and the National Directorate for Climate Finance) will act as implementing entities. According to the diplomat, Belgium swapped debt arrangement that mobilized 2.4 million Euros for mitigation and adaptation actions, "encouraging progress in the development of sustainable bonds and the regulation of sustainable carbon measures." "We encourage Mozambique to continue these efforts to mobilize additional resources for the country's progress. We are strategic partners in climate action, and we are working together on the National Development Strategy 2025-2034", she said. Keep up with the latest headlines on WhatsApp | LinkedIn Mozambique is also encouraged by efforts regarding the strategic coalition on these matters, a topic addressed during the General Assembly in New York. The coalition is mandated to develop a development-focused approach to be presented at COP32 in Ethiopia. For her part, Louise Walker, UK High Commissioner, congratulated the Ministry of Planning and Development for organizing the conference on Mozambique's climate finance agenda, stating that London is the international hub for private climate finance. She explained that, in 2025, it succeeded in mobilizing bridging funds, with the resulting investment reaching approximately 500 million US dollars. Albano Manjate, from the National Director for Climate Finance at the Ministry of Planning and Development, said that the government has already devised a plan to mitigate water-related issues during the El Niño weather phenomenon. "The plan covers the short and medium term. We intend to reallocate certain resources, particularly from projects that offer some flexibility. Regarding agriculture, the focus will be primarily on the distribution of inputs coupled with irrigation systems. Read the original article on AIM . AllAfrica publishes around 600 reports a day from more than 90 news organizations and over 500 other institutions and individuals , representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica . To address comments or complaints, please Contact us . AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 news and information items daily from over 90 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. Get the latest in African news delivered straight to your inbox By submitting above, you agree to our privacy policy . We need to confirm your email address. To complete the process, please follow the instructions in the email we just sent you. There was a problem processing your submission. Please try again later.