The United Nations World Food Programme (WFP) announced on Wednesday (8 November) the biggest debt-for-development swap in its history, involving Russia and Mozambique.
An innovative debt-swap initiative between the two countries has unlocked a commitment of US$40 million, which will be used by the United Nations World Food Programme (WFP) to support the government of Mozambique to provide school meals for 150,000 children in the African country over the next five years.
In addition to providing debt relief for Mozambique, the initiative will free up new resources for development and support expansion of the Programa Nacional de Alimentação Escolar (National School Feeding Programme), which seeks to provide school mea…
Read the full article at: https://www.euractiv.com/section/global-europe/news/russia-and-mozambique-agree-big-debt-for-development-swap/