World Bank approves $450 million loan to Mozambique, citing development goals

The World Bank announced approval of a $450 million financing package for Mozambique. The loan is earmarked for infrastructure upgrades and social development programs. Officials say the funds will target road construction, energy access, and health services. Mozambique's government welcomed the support as a boost to economic recovery. The approval follows a review of the country's fiscal reforms and debt sustainability. International donors view the loan as a sign of confidence in Mozambique's reform agenda. Critics caution that effective implementation will be essential to achieve intended outcomes. The World Bank plans to monitor progress through regular performance assessments.