{"id":21793,"date":"2022-06-24T16:07:33","date_gmt":"2022-06-24T16:07:33","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-sees-mozambique-economy-growing-5-7-on-average-between-2022-and-2024"},"modified":"2022-06-24T16:22:16","modified_gmt":"2022-06-24T16:22:16","slug":"world-bank-sees-mozambique-economy-growing-5-7-on-average-between-2022-and-2024","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-sees-mozambique-economy-growing-5-7-on-average-between-2022-and-2024","title":{"rendered":"World Bank sees Mozambique economy growing 5.7% on average between 2022 and 2024"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Economic growth in Mozambique is expected to accelerate in the medium term, averaging 5.7% between 2022 and 2024, as demand recovers and the economy benefits from the start of liquefied natural gas production this year, the World Bank said on Thursday.<\/p>\n

The start of LNG production at the offshore Coral project and the expected resumption of other LNG projects would help spur the southeast African nation\u2019s growth, the World Bank said in a statement.<\/p>\n

The Coral LNG project, operated by Italy\u2019s Eni, processes natural gas from Area 4 resources in the Rovuma Basin, off Mozambique\u2019s coast. It began pumping gas last week, the company had said.<\/p>\n

The World Bank said a three-year extended credit facility arrangement agreed by Mozambique with the International Monetary Fund and budget support from other partners would further help to strengthen its economic recovery.<\/p>\n

The IMF\u2019s executive board in May approved the $456 million program, which was Mozambique\u2019s first since the lender suspended support six years ago.<\/p>\n

However, the World Bank warned that risks remained for Mozambique\u2019s growth, especially from rising import prices due to the conflict in Ukraine, a possible surge in COVID infection waves, and insurgency in the north.<\/p>\n

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

Africa-Press – Mozambique. Economic growth in Mozambique is expected to accelerate in the medium term, averaging 5.7% between 2022 and 2024, as demand recovers and the economy benefits from the start of liquefied natural gas production this year, the World Bank said on Thursday. The start of LNG production at the offshore Coral project and […]<\/p>\n","protected":false},"author":84,"featured_media":21792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-21793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nWorld Bank sees Mozambique economy growing 5.7% on average between 2022 and 2024 - Mozambique<\/title>\n<meta name=\"description\" content=\"Economic growth in Mozambique is expected to accelerate in the medium term, averaging 5.7% between 2022 and 2024, as dem ...\" \/>\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\/world-bank-sees-mozambique-economy-growing-5-7-on-average-between-2022-and-2024\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank sees Mozambique economy growing 5.7% on average between 2022 and 2024\" \/>\n<meta property=\"og:description\" content=\"Economic growth in Mozambique is expected to accelerate in the medium term, averaging 5.7% between 2022 and 2024, as dem ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-sees-mozambique-economy-growing-5-7-on-average-between-2022-and-2024\" \/>\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=\"2022-06-24T16:07:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-24T16:22:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62b5e48003d83.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"862\" \/>\n\t<meta property=\"og:image:height\" content=\"514\" \/>\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=\"1 minute\" \/>\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\/world-bank-sees-mozambique-economy-growing-5-7-on-average-between-2022-and-2024#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-sees-mozambique-economy-growing-5-7-on-average-between-2022-and-2024\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"World Bank sees Mozambique economy growing 5.7% on average between 2022 and 2024\",\"datePublished\":\"2022-06-24T16:07:33+00:00\",\"dateModified\":\"2022-06-24T16:22:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-sees-mozambique-economy-growing-5-7-on-average-between-2022-and-2024\"},\"wordCount\":218,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-sees-mozambique-economy-growing-5-7-on-average-between-2022-and-2024#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62b5e48003d83.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-sees-mozambique-economy-growing-5-7-on-average-between-2022-and-2024#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-sees-mozambique-economy-growing-5-7-on-average-between-2022-and-2024\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-sees-mozambique-economy-growing-5-7-on-average-between-2022-and-2024\",\"name\":\"World Bank sees Mozambique economy growing 5.7% on average between 2022 and 2024 - 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