Mozambican gov’t forecasts 8% economic growth in 2014

15 November 2013

Mozambique’s economy should grow 8 percent in 2014, with exports predicted to reach US$4.7 billion, 21 percent more than the target set for 2013, the Mozambican Minister for Planning and Development indicated on Thursday in Maputo.

The forecasts put forward by Aiuba Cuereneia to the Programme Support Partners (PAP) providing direct support to the Mozambican state budget are lower than projections by the International Monetary Fund, which in July indicated that Mozambique’s gross domestic product (GDP) would grow 8.5 percent next year.

The inflation rate should stand at 5.6 percent in 2014, Cuereneia said during his meeting with the PAP, which comprise 19 countries and international organisations.

He added that Mozambique should next year increase the water supply coverage rate to 56 percent, besides completing electrification in the country’s 128 district capitals. (macauhub)