According to the Bank of Mozambique (BM), the Gross Domestic Product (GDP) grew by 4.7% in the second quarter of 2023, essentially galvanized by the performance of the extractive industry, especially natural gas production.

In the medium to short term, the WB expects the extractive industry to continue to contribute to the acceleration of GDP growth.

"Excluding natural gas projects, economic activity is expected to continue to recover, despite the likely negative impacts of climate shocks on agricultural production and various infrastructures," reads the financial institution's note.

On the question of public debt, the WB said in a note that MZNews had access to that it continues to rise. "Domestic public indebtedness, excluding loan and lease contracts and overdue liabilities, stands at 321.1 billion meticais, which represents an increase of 46.0 billion compared to December 2022," says the WB document.

The next ordinary meeting of the CPMO is scheduled for November 29, 2023.