Prime Minister wants more investments to grow the economy

Prime Minister Carlos Agostinho do Rosário, indicated that the country is in need of more investment to grow the economy and its materialization depends on the implementation of reforms.

 Carlos Agostinho do Rosário was speaking on Friday during the eighth business environment monitoring council.

The president of the Confederation of economic associations, Agostinho Vuma, said that the economic environment was marked by two distinct events, namely, the assessment of the trend of the business robustness index that fell from 40 to 29%, which reflected the effect of the government's impositions under the covid-19 containment measures.

The insecurity imposed by terrorism in some regions of the province of Cabo Delgado has affected some 410 companies, causing business losses and financial losses of more than $148 million.

Late invoices combined with a suspension in the delivery of goods were events that had a negative impact on the first half of the current year.

As for the economic outlook, the slowdown derived from the worsening pandemic situation that forced the government to reinstate restrictive measures is expected for the third quarter of the current year.

The Bank of Mozambique's levies on Standard Bank among other fees.

The Prime Minister, Carlos Agostinho do Rosário, says that the resilience of the private sector is something to be praised, derived from the progress in the vaccination processes and in the clarification of the insecurity situation in Cabo Delgado.

The focus has to be on the prospect of keeping the economy growing in the face of the difficulties that are imposed by covid-19 and that means the country will need investment.

This is an event led by the prime minister and coordinated by the minister of industry and trade.

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