This Decree creates the Local Economic Development Fund (FDEL), a decentralized governance mechanism to encourage local community initiatives to increase production, generate income and create jobs, and approves the FDEL Regulation. FDEL is a dedicated bank account, integrated with the Public Treasury, which aims to boost entrepreneurship and local economic development, in the fields of production, income generation and job creation. The Local Economic Development Fund is nationwide in scope and is allocated to districts and municipalities for poverty reduction in rural areas and to local municipalities for urban poverty reduction. The FDEL's purpose is: a) financing entrepreneurial initiatives for production, income generation and job creation in districts and municipalities; and b) mobilization and allocation of financial resources to promote the local economy.
Mozambique · 2025-03-05