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Mozambique receives assistance for conservation and tourism Go Back
 
The World Bank Board of Directors has approved an International Development Association (IDA) credit of US$20 million to support the conservation of biodiversity and natural ecosystems as well as promote economic growth and development based on the sustainable use of natural resources by local communities in Mozambique .

The project for which the Board approved the credit will also be financed by a US$10 million grant from the Global Environment Facility (GEF), in accordance with the work program approved by the GEF Council in October 2005 as well as a US$3.7 million grant from the Japanese Policy and Human Resources Development (PHRD) Fund The Trans-frontier Conservation Area and Tourism Development Project, as the project is known, is aimed at conserving biodiversity in the southern Africa region by maintaining intact, large natural ecosystems and ecological linkages that span national borders. It will finance the establishment and management of multiple-purpose conservation areas in three areas with significant trans-border biodiversity linkages on the Mozambican border with neighbouring countries.
The project will increase revenues for communities from the growth in environmentally sustainable tourism in the three trans-frontier conservation areas of Chimanimani, Lubombo and Greater Limpopo, said Jean-Michel Pavy, the World Bank Task Team Leader of the project.

It will also support the Government's efforts in improving the business environment with a view to stimulating private sector investments and private sector-led economic growth, Pavy added.
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