The governor of the Bank of Mozambique (BoM), Rogério Zandamela, assured this Friday (8) that the country’s economic growth forecasts are being maintained, even in the face of the instability following the 9 October elections, as reported by Lusa.
According to the governor, the risks arising from this scenario were already foreseen and do not require adjustments to the projections, as long as the situation stabilises in the short term.
‘For the time being, based on current information and the expectation that this phase of instability will be brief, the outlook for the economy remains positive,’ explained Zandamela, during the central bank’s 49th consultative council, held in Maputo.
The post-election phase in Mozambique has been marked by demonstrations in various parts of the country following the release of the results, which gave victory to Daniel Chapo, the candidate of the Mozambique Liberation Front (Frelimo). The main opposition candidate, Venâncio Mondlane, called for protests, contesting the result.
Despite the tensions, the BoM believes that the economy will continue to grow, albeit moderately, sustained by factors such as the stability of the MIMO interest rate and the implementation of projects in key sectors such as energy and transport.
In the BoM’s view, keeping inflation in single digits and the progress of structuring projects can guarantee that, once the phase of instability is over, the Mozambican economy will continue to expand within the projected parameters.
