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Buoyed by a drop in inflation and the advancement of one of two major gas projects, the Mozambique Economic Update (MEU): Shifting to Inclusive Growth notes that the country is more stable since the 2016 debt crisis triggered the economic slump, but growth prospects are limited. Gross domestic product (GDP) growth was an average 3.8% in 2016 and 2017 and is expected to reach a slightly lower rate of 3.3% in 2018. Services such as tourism, transport and finance—all hardest hit by the...
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Buoyed by a drop in inflation and the advancement of one of two major gas projects, the Mozambique Economic Update (MEU): Shifting to Inclusive Growth notes that the country is more stable since the 2016 debt crisis triggered the economic slump, but growth prospects are limited. Gross domestic product (GDP) growth was an average 3.8% in 2016 and 2017 and is expected to reach a slightly lower rate of 3.3% in 2018. Services such as tourism, transport and finance—all hardest hit by the...
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The African Development Bank Group’s Country Strategy Paper (CSP) 2018-22 for Mozambique comes at a time when the country adopted its long term development strategy ‘ENDE’ 2015-35. The CSP was prepared on the basis of extensive consultations held with the Government of Mozambique, Development Partners, the private sector and the civil society. The main objective of the ENDE is the improvement of the livelihoods of the population through the structural transformation of the economy, and the...
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Final JICA report on Nacala Corridor Development Project, whose objectives include: to clarify organizations for promoting and coordinating the implementation of development strategies for the Nacala Corridor Region in accordance with PEDEC-Nacala and to prepare for the implementation of high priority projects in accordance with PEDEC-Nacala. The study project commenced in April 2012 and the final study report was produced in April 2015.
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Mozambique has experienced strong and sustained economic growth in the last two decades. Growth of its Gross Domestic Product (GDP) expanded at an annual average rate of 7.2 percent between 2000 and 2016, making it one of the fastest-growing countries in Sub-Saharan Africa (SSA). The economic expansion has boosted incomes and living standards. GDP per capita, for instance, grew annually on average by 4 percent over the same period, climbing from 561 US dollars to 1,128 US dollars (2011 PPP)....
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Mozambique has experienced strong and sustained economic growth in the last two decades. Growth of its Gross Domestic Product (GDP) expanded at an annual average rate of 7.2 percent between 2000 and 2016, making it one of the fastest-growing countries in Sub-Saharan Africa (SSA). The economic expansion has boosted incomes and living standards. GDP per capita, for instance, grew annually on average by 4 percent over the same period, climbing from 561 US dollars to 1,128 US dollars (2011 PPP)....
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Over the last decade, Mozambique has been one of the fastest-growing African economies, enjoying average economic growth of about 8% between 2004 and 2015. It received strong support from the international community during the period (for example, in 2014 it received US$2 billion in official development assistance). In parallel, the country has embarked on major reforms — especially fiscal reforms and tax administration — and has opened up to foreign investment, particularly for the exploitation of its natural resources.
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