Arab Today, arab today imf praises mozambique\s robust growth in 2013
Last Updated : GMT 19:09:42
Arab Today, arab today
Arab Today, arab today

IMF praises Mozambique\'s robust growth in 2013

Arab Today, arab today

Arab Today, arab today IMF praises Mozambique\'s robust growth in 2013

Maputo - XINHUA

The International Monetary Fund (IMF) on Thursday pointed out that Mozambique's economic growth remained strong in 2013, recovering quickly from the floods that occurred at the beginning of the year. "It is now known that the GDP of Mozambique grew by 7.1 percent in 2013," Alex Segura, the IMF Resident Representative in the country, said at a press conference. "That's a very high level of growth, one of the highest in sub- Saharan Africa," he added. Segura noted that inflation remained "relatively stable" with a 4.2 percent monthly rate over 2013, below the government's medium term target of 5.6 percent. He believed that perspectives for the immediate and medium terms remain strong, "based mainly on coal exports and on investments in the natural gas industry." Segura forecast an acceleration in the growth rate to 8.3 percent, based not only on mineral resources, but also on a strong recovery in agriculture. Over the next five years he expected growth to perform at a rate of around eight percent a year, "sustained by the continual increase in coal production and exports, the construction of the natural gas liquefaction plant, and vigorous growth in transport, communications and construction." Risks over the short and medium term, Segura said, included the impact of climate change, fluctuating international commodity prices, and a potential reduction in foreign aid. Domestic risks included possible delays in the improvements in the railways and ports so essential for the logistics of coal exports, and in expanding the electricity grid. As for the insecurity arising from clashes, mostly in the central province of Sofala, between gunmen of the country's largest opposition party Renamo and the Mozambican defence and security forces, Segura recognized it could lead to problems in the supply of goods and services.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf praises mozambique\s robust growth in 2013 Arab Today, arab today imf praises mozambique\s robust growth in 2013

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 11:55 2017 Wednesday ,29 March

Need ‘gymspiration?’ The top fun fitness bloggers

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday