Mozambique government maintains economic growth forecast for 2016

15 February 2016

Mozambique’s economy is expected to grow 7 percent this year, and this growth is not expected to be jeopardised by the severe drought affecting the south of the country and heavy rains in the centre and north of the country, the Minister of Economy and Finance said recently.

Minister Adriano Maleiane spoke at the closing session of the 2015 planning meeting between the government and the group of programme support partners, acknowledged that 2016 would be difficult but gave assurances that everything was being done to correct the possible negative impacts on production.

“Floods and drought have surpassed the initial forecasts we had when we drew up the Economic and Social Plan and will have a significant impact on agricultural production and livestock, but we believe it will not affect the economic growth forecasts for this year,” said Maleiane cited by daily newspaper Notícias.

The meeting with the partners aimed to assess the government’s planning instruments, namely the Economic and Social Plan and the State Budget, as well as setting performance targets both for the government and the partners for 2016-2018.

The ambassador of Portugal, José Duarte, as chairman of the “troika”, restated the commitment of partners to ensure the disbursement of funds pledged to the Mozambican government, which this year could reach US$305 million. (macauhub/CN/PT)