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Europe to provide Mozambique with $116 million in virus aid

Europe to provide Mozambique with $116 million in virus aid

THE European Union (EU) has agreed to provide Mozambique with 100 million euros ($116.30 million) in coronavirus-related aid, according to EU Ambassador Antonio Sanchez-Benedito Gaspar. The EU cut off direct budget support to Mozambique in 2016 after the country revealed the existence of hefty state-guaranteed loans that it had not previously disclosed. A number of other donors including the International Monetary Fund also halted aid to Mozambique. Sanchez-Benedito Gaspar told a press conference in the capital Maputo that the agreement had "different characteristics" to the direct budget support the EU used to provide and was focused specifically on helping with…
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