Mozambique–Portugal relations US$393.4 million, accumulated from independence until 2005. Mozambique–Portugal relations Mozambique–Portugal relations are foreign relations between Mozambique and Portugal. They are both members of the Community of Portuguese Language Countries. Mozambique gained independence from Portugal in 1975 after the Mozambican War of Independence. Portugal has an embassy in Maputo and a Consulate-General in Beira. Mozambique has an embassy in Lisbon. Portuguese companies are the second largest private investor in Mozambique. In July 2008, Mozambique and Portugal have signed an agreement to set up a fund to support investments worth USD124 million in the Mozambican energy sector. In July 2008, Portugal cancelled
Foreign relations of Mozambique years immediately following its independence, Mozambique benefited from considerable assistance from some western countries, notably the Scandinavians. The Soviet Union and its allies, however, became Mozambique's primary economic, military, and political supporters and its foreign policy reflected this linkage. This began to change in 1983; in 1984 Mozambique joined the World Bank and International Monetary Fund. Western aid quickly replaced Soviet support, with the Scandinavians, Finland, the United States, the Netherlands, and the European Union becoming increasingly important sources of development assistance. Italy also maintains a profile in Mozambique as a result of its key role during the peace process.