EU Pledges 734 Million Euros of Aid for Mozambique Through 2020
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The European Union agreed to give Mozambique 734 million euros ($780 million) in aid through 2020, with the aim of strengthening democracy and good governance and promoting rural development in the southern African country.
An unspecified portion of the funds is earmarked for “general budget support,” a statement posted on the European Commission’s website Thursday shows. The donation is lower than the 747 million euros the EU provided for 2007 to 2013.