Economy in Mozambique

  • Mozambique government wants to increase financial inclusion of the population

    MOZAMBIQUE, 2016/05/17 The government of Mozambique plans for 35 % of adults, by 2022, to have access to a bank account at a formal financial institution and that 75 % of districts will offer banking services, according to a newly approved strategy paper. The document – National Strategy for Financial Inclusion (2016/22) -sets out world goals to be completed during the reporting period inclunding the actions to be undertaken by different actors in the economy.

  • Africa’s economic growth is likely to be slower in the intervening years

    BOTSWANA, 2016/05/12 Africa’s economic increase is likely to be slower in the intervening years than in the before decade, according to the new rating by Ernst & Young using a barometer to gauge the level of appeal and success.“The baseline projection of the International Monetary Fund (IMF) for 2016 is presently reduced to 3%, while it was estimated at 6.1% in April 2015″, Ernst & Young points out in its rating.

  • A shopper looks for items at an informal shop piloted by Pick n Pay in Soweto, South Africa

    SOUTH AFRICA, 2016/03/16 Slumping commodity prices have taken African currencies down with them, exposing the fundamental economic frailties of the world's poorest continent by driving up inflation in nations that import most of their manufactured goods. Regional economies are in no position to use their weakening currencies to their trade chance because they have few exports beyond their natural resources. The hardship for households has been compounded by rising prices for food - one commodity that has defied the price fall due to drought in southern Africa

  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.

  • Mozambique's CBG targets inclusive growth

    MAPUTO CITY, 2015/04/05 Mozambique's economy has performed strongly in recent years, and the country's central bank governor, Ernesto Gove, describes how he intends to build on this increase with, part other things, additional liberal investment policies, while as well ensuring that opportunities are open to local businesses and profits benefit all people. As statements of confidence go, the Mozambique central bank’s brand new headquarters, currently under construction on the Avenida de 25th Setembro in central Maputo, is a pretty obvious one. Set for completion in 2016, the high-rise, glass-encased structure will be one of the tallest in the neighbourhood, projecting a successful image and helping to spruce up the centre of the capital.

  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.

  • Mozambican Minister for Planning and Development

    MAPUTO CITY, 2013/11/17

  • Economic Commission for Africa (UNECA)

    BOTSWANA, 2013/06/17  Urgent interventions are needed to overcome the short and long term constraints militating against the evolution that could have been recorded in the 'Aid for Trade (AfT)' in African initiative despite the fact that it is starting to show results. This is according to a statement from the Addis Ababa-based United Nations Economic Commission for Africa (UNECA) The statement observed that in spite of the identified constraints AfT was starting to show results. 'Since the AfT Initiative was launched in the Hong Kong Ministerial Conference in 2005, Africa has received technical and financial assistance for trade-related activities. In addition, AfT funding has been kept and priority areas and categories identified by beneficiaries are being targeted.

  • Continent Registers Growth Despite Global Meltdown

    BOTSWANA, 2013/04/27 Economic increase in Sub-Saharan Africa is likely to reach additional than 5 % on average in 2013-2015 as a result of high commodity prices worldwide and strong consumer spending on the continent, ensuring that the region remains amongst the fastest growing in the world -- according to the World Bank’s new Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects.

  • Mozambique’s economic performance in 2012 has been remarkable,

    MOZAMBIQUE, 2013/01/07 The Executive Board of the International Monetary Fund (IMF) has completed the fifth review under the three-year Policy Support Instrument (PSI) for the Republic of Mozambique.1 The Board's decision was taken on a lapse of time basis. Despite the difficult world environment, Mozambique’s economic performance in 2012 has been remarkable, building on a track record of strong economic policies that entirely supported increase while bringing down inflation and strengthening international reserves.
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