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IMF Congratulates Mozambican Government on Resilience in Economic Growth Rates

IMF Congratulates Mozambican Government on Resilience in Economic Growth Rates

The International Monetary Fund (IMF) on Tuesday, November 29, in Tete city, congratulated the Mozambican government on the resilience achieved in economic growth rates.

Speaking during the Breakfast on economics and business, the IMF representative in Mozambique, Alexis Meyer, said that despite the adverse factors imposed by the impact of undeclared debts, cyclones Idai and Kenneth and terrorism in the north of the country, the stability and fiscal prudence adopted by the Mozambican Executive contributed greatly to the resilience of economic growth.

“The agriculture, fishing, extractive industry sectors and the recent export of liquefied gas through the floating platform in Cabo Delgado are very important factors contributing to national economic growth,” Meyer said.

In the view of the IMF representative, Mozambique next year “may register an overall growth of around 5% in the Gross Domestic Product rate.

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The Breakfast on economics and business, promoted this year by the Association of Commerce, Industry and Services (ACIS), was held under the theme “Prospects for Economic Recovery of the business sector in 2023”.

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