“The World Bank Board of Executive Directors approved today US$40 million (of which US$26 million in grants) in support of the Republic of Mozambique’s Agriculture and Natural Resources Landscape Management Project. It will contribute to the sustainability of natural resources while improving the livelihoods of targeted rural households in Mozambique.
Mozambique’s two decades of capital-intensive economic growth with limited linkages to the local economy has had little impact on poverty reduction. The country’s current economic challenges bring to the fore the need to deepen growth in labor-intensive sectors such as agriculture and forestry, which have the potential to ensure greater inclusiveness of growth.
Mozambique’s substantial natural capital includes an estimated 36 million hectares of arable land and 40 million hectares of natural forests. However, the country’s natural resources are being rapidly depleted: 220,000 hectares of natural forests are lost every year, and erosion is pervasive. Ensuring the sustainability and resilience of the natural resource base on which agriculture and forestry depend, particularly soil and water, is critical for sustainable development…”
Read on at: World Bank