Tourist trap

With backing from the World Bank's International Finance Corporation and the United States Agency for International Development President Armando Guebuza's government is trying to raise nearly US$3 billion for several massive new tourist developments. The IFC and the government are looking for over $1 bn. to build four integrated resorts in Nampula, Zambezia, Inhambane and Maputo Provinces.

Article Tags:
United States, Armando Guebuza, Egypt, Mauritius, Karim al Husseini, Saudi Arabia, James Ulysses Blanchard, South African, Arc Norte

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