Dancers and a Dam: World Bank Hones New Strategy in Mozambique
The World Bank's President, Ajay Banga, visited Mozambique to discuss a $6.4 billion hydropower project that the bank is helping to fund. The visit had the atmosphere of a political rally, with dancers and other fanfare welcoming the World Bank chief. The project aims to build a dam that would provide electricity to Mozambique and neighboring countries. The visit highlights the World Bank's efforts to develop a new strategy for engaging with developing countries, focusing on large-scale infrastructure projects that can drive economic growth. The hydropower project is seen as a critical component of Mozambique's plans to expand its energy sector and attract foreign investment. The visit underscores the World Bank's role in shaping the development agenda in Africa and its willingness to work closely with national governments on ambitious infrastructure projects.
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