World Bank finances fishing in Mozambique

The World Bank is providing Mozambique with US$57.9 million to increase fishing production in the country over the next six years, Mozambican newspaper Correio da Manha reported. The World Bank funding, which involves the French Development Agency (AFD), is part of the SWIOFish programme (‘South West Indian Ocean Fisheries’) underway in the southwest Indian Ocean. The funding will be directed to increasing fisheries productivity, job creation through targeted interventions to boost small producers and drive economic growth and job creation through fishing and its associated value chain. Other components of the programme are related to the refurbishment or modernisation of fishing ports, landing sites, fish markets, laboratories and research facilities, the Ministry of Fisheries said, according to macauhub.com.