Mozambique to Focus on Youth Welfare: Unveils First 100 Days Program

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The fund has the nature of a dedicated bank account, integrated into the public treasury, and aims to boost entrepreneurship and local economic development in the fields of production, income generation, and job creation, with a particular focus on young people

Mozambique’s government announced the allocation of around €15 million to the Fund for the Financing of Local Economic Development (FDEL), created for national youth initiatives.

This was revealed by government spokesman Inocêncio Impissa today at a press conference recently that explained the activities that would unfold in the first 100 days. He said the amount would be allocated to all the country’s districts, and the Administrative Court and the General Inspectorate of Finance would conduct an inspection and audit.

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Mozambique’s government approved the creation of the Fund for Financing Local Economic Development (FDEL). The cabinet spokesman said, after the announcement of the creation, that the fund has the nature of a dedicated bank account, integrated into the public treasury, and aims to boost entrepreneurship and local economic development in the fields of production, income generation, and job creation, with a particular focus on young people.