Mozambique: Mozambican prime minister says 2008 saw good economic performance

31 December 2008

Maputo, Mozambique, 30 Dec – Mozambique’s prime minister, Luísa Diogo said that in 2008 Mozambique was able to stand up to the oil, grain and financial crisis and end the year with a good economic performance, according to a report from Mozambican news agency AIM.

Diogo noted that in the first nine months of 2008 Mozambique exported goods worth US$2.3 billion and attracted over US$500 million in foreign investment.

The prime minister, who was speaking to a Mozambican radio station also said that despite the recession in developed countries Mozambique was likely to achieve the targets set out for 2008 and that total exports would be around US$2.6 billion, which was an extremely favourable result considering that 16 years ago Mozambique’s exports totalled just US$300 million.

Mozambique’s economic growth in 2008 is estimated at 6.8 percent, which is slightly lower than projections, which pointed to gross domestic product (GDP) growth of 7 percent. (macauhub)