(Ecofin Agency) - For the 6th year in a row, China remained the biggest lender of Mozambique, data issued June 25 by the government showed.
The aggregate loan to the country increased by $400 million to $2.2 billion at the end of 2018, according to an official document. Debt increased with loans granted for infrastructure projects in the country. These include the construction of the Maputo-Catembe Bridge, the Catembe Bela Vista-Ponta do Ouro road, the pier of the Beira fishing port and the rehabilitation of the Beira-Machipanda road.
With $611 million, Portugal is Mozambique's second fund provider ahead of Japan ($300 million), Libya ($257 million) and South Korea ($243 million) which closes the Top 5.