The IMF forecasts double-digit growth for Mozambique in 2027 and 2028, placing the country among Africa’s fastest-growing economies.
The forecast highlights the crucial role of the gas sector in transforming and growing Mozambique’s economy.
In recent years, offshore gas discoveries have attracted global giants like TotalEnergies, ExxonMobil, and Eni – investing billions in infrastructure.
As gas operations grow, Mozambique expects significant increases in revenues, job creation, and infrastructure development. Great economic transformation is also highly expected.
Beyond direct revenues, the gas sector’s expansion is expected to boost other sectors, such as: construction, logistics, and services that could create thousands of jobs. Local content is a hot topic in Mozambique.
Therefore, the government is diversifying the economy by investing gas revenues in agriculture, manufacturing, and tourism – promoting sustainable and resilient growth.
Also, along with international support, the government is investing in infrastructure to ensure efficient gas extraction and export.
However, security in Cabo Delgado, remains a challenge. Recent improvements and international support are expected to create a more stable environment.
On that subject; the country is already showing positive results.
Additionally, it is important to mention that Mozambique aims to attract more foreign investment, technology transfer, and expertise -as well as- stronger international ties.
Moreover, Mozambique can serve as an example for other African countries, showing how natural resources can drive broader economic development.
The government’s commitment to investing gas revenues in social and economic progress is vital to ensuring benefits for all Mozambicans.
The IMF’s forecast for 2027 and 2028 confirms Mozambique’s promising economic future.
Through solid policies, Mozambique is on track to become an economic powerhouse in Africa.
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