{"id":17688,"date":"2022-04-12T14:51:06","date_gmt":"2022-04-12T14:51:06","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-confident-in-countrys-economic-growth"},"modified":"2022-04-12T14:54:05","modified_gmt":"2022-04-12T14:54:05","slug":"government-confident-in-countrys-economic-growth","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-confident-in-countrys-economic-growth","title":{"rendered":"Government confident in country\u2019s economic growth"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Mozambican Minister of Economy and Finance said on Monday that the prospects for economic growth in Mozambique remain positive, despite the frequency and intensity of natural disasters, Covid-19, terrorist attacks and the war between Russia and Ukraine.<\/p>\n

Minister Max Tonela was speaking during a meeting with Kevin Urama, Vice President for Economic Governance and Knowledge Management at the African Development Bank (AfDB), who is in Maputo for meetings with Mozambican leaders.<\/p>\n

Minister Tonela highlighted the executive\u2019s commitment to reforms aimed at ensuring inclusive and sustained economic growth, strengthening macroeconomic management and building resilience in the face of structural challenges.<\/p>\n

In this regard, the minister said, the government recently reached an agreement with the International Monetary Fund (IMF) for cooperation in the field of reforms which Maputo intends to initiate.<\/p>\n

\u201cOur engagement with the Fund, while important in meeting the country\u2019s immediate budget financing needs, will play a catalytic role in unleashing support from other development partners, including the World Bank and the European Union,\u201d Tonela stressed.<\/p>\n

The Minister of Economy and Finance signalled the desire to see the AfDB resume budget support for the country. The AfDB, he said, is a strategic development partner, which has contributed to meeting Mozambique\u2019s development needs through a wide range of financing instruments.<\/p>\n

\u201cThe government appreciates the AfDB\u2019s firm response to the country\u2019s reconstruction efforts following the devastating impact of Cyclones Idai and Kenneth,\u201d Minister Tonela said.<\/p>\n

He also welcomed the support to Mozambique\u2019s ability to deal with the economic and health shocks caused by the Covid-19 pandemic.<\/p>\n

For his part, Kevin Urama said he felt that \u201cthe Mozambican economy has made some good progress in recent times, despite some headwinds, due to internal and external factors\u201d.<\/p>\n

\u201cAfter a 1.2% contraction in real GDP growth in 2020, due to Covid-19, the economy grew by 2% in 2021, with a stable outlook for 2022 and 2023,\u201d Urama noted.<\/p>\n

The favourable signals emanating from the Mozambican economy are anchored in the ongoing recovery in the main economic sectors, namely agriculture and mining, he added.<\/p>\n

The AfDB predicts that Mozambique will grow 3.3% this year and 4.0% in 2023. \u201cThese projections are subject to accelerated vaccination to contain the Covid-19 virus, restoration of security in the northern provinces, accelerated completion of liquefied natural gas projects and continued implementation of growth-enhancing policies in all key sectors,\u201d Uruma pointed out.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The Mozambican Minister of Economy and Finance said on Monday that the prospects for economic growth in Mozambique remain positive, despite the frequency and intensity of natural disasters, Covid-19, terrorist attacks and the war between Russia and Ukraine. Minister Max Tonela was speaking during a meeting with Kevin Urama, Vice President for […]<\/p>\n","protected":false},"author":84,"featured_media":17687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[233,281,283],"class_list":["post-17688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nGovernment confident in country\u2019s economic growth - Mozambique<\/title>\n<meta name=\"description\" content=\"The Mozambican Minister of Economy and Finance said on Monday that the prospects for economic growth in Mozambique remai ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-confident-in-countrys-economic-growth\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government confident in country\u2019s economic growth\" \/>\n<meta property=\"og:description\" content=\"The Mozambican Minister of Economy and Finance said on Monday that the prospects for economic growth in Mozambique remai ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-confident-in-countrys-economic-growth\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-12T14:51:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-12T14:54:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/04\/img-62559271bb49b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1165\" \/>\n\t<meta property=\"og:image:height\" content=\"773\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-confident-in-countrys-economic-growth#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-confident-in-countrys-economic-growth\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Government confident in country\u2019s economic growth\",\"datePublished\":\"2022-04-12T14:51:06+00:00\",\"dateModified\":\"2022-04-12T14:54:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-confident-in-countrys-economic-growth\"},\"wordCount\":408,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-confident-in-countrys-economic-growth#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/04\/img-62559271bb49b.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-confident-in-countrys-economic-growth#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-confident-in-countrys-economic-growth\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-confident-in-countrys-economic-growth\",\"name\":\"Government confident in country\u2019s economic growth - 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