As allAfrica reports, Mozambique will receive support for the development of technical and professional schools in the country from South Korea. The grant of the educational package is worth approximately 18 million US dollars.
The agreement is in line with the Mozambican government's plans to boost technical education, particularly in order to provide Mozambican staff who have the skills to work in the rapidly expanding mining and hydrocarbon sectors.
The loan agreement was signed in Maputo on Thursday by Finance Minister Manuel Chang, and the Deputy President of the Korean Exim Bank, Byun Sang Wan. The two governments also signed a memorandum of understanding and an agreement on importing Korean experiences to Mozambique.