The International Monetary Fund (IMF) predicts on Tuesday in Maputo that Mozambique’s economic growth could be 7 percent in 2015.

IMF
IMF

According to the representative in Mozambique, Alex Segura- Ubiergo, the percentage can fall due to the decline of the prices of primary products and fiscal consolidation.
“The performance of Mozambican economy remains robust and stronger compared to other Sub-Saharan African countries. It is expected that an economic increase of 7 percent in 2015, although there are risks of the fall of this prediction due to the decline of prices of primary products and fiscal consolidation”, said Segura-Ubiergo at a press conference.
Segura also said that Mozambique will continue to be one of the dynamic economies of Africa, although the authorities need to make more efforts to guarantee the growth to improve the livelihood of the people.
“The Mozambican economy is solid.The evaluation the IMF does is that Mozambique is growing by 2.5 points above the medium in the Sub-Saharan Africa”, he said.
According to Segura-Ubiergo, the Mozambican government’s plans aimed at developing petrol sector in the Ruvuma river basin will be one of the Sub-Saharan African continent’s investments worth 100 billion U.S. dollars, which would turn the former Portuguese colony the third largest world gas producer.
Segura-Ubiergo predicted that inflation this year will be 5.5 percent. He said after a strong fiscal expansion in 2014, which caused budget deficit to attain above 10 percent of the GDP, a very high level, the state budget for the year 2015 has a sustainable trend. Enditem

Source: Xinhua

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