Thai Ambassador to Mozambique, Russ Jalichandra, has announced the Asian Country will fund various projects in Mozambique this year.
Thailand is prepared to release a staggering U.S $6.5 billion, according to reports from Maputo.
Quoted by the state-controlled Radio Mozambique, Jalichandra said “Thailand will continue to make provide support to Mozambique, and this $6.5 billion will be disbursed for various development projects in Mozambique.”
The economy is showing signs of recovery after a difficult 2017, which saw a sharp slowdown in growth and shocks to both the country’s currency and inflation.
Mozambique had been hit hard by a secret loans scandal which saw Several major donors - including the IMF and World Bank - suspending aid to the southern African nation.
