The first tranche of the $450 million that the International Monetary Fund (IMF) has promised to disburse to finance the Mozambican State Budget until 2024 will be channeled this month. "It will be disbursed this month - I think it is 15% of the amount, or less - to straighten out the State Budget, for specific expenses," said Alfredo...
The former Mozambican Minister of Planning and Finance, Luísa Diogo, said that the former Minister of Economy and Finance, Manuel Chang, knew the debt strategy adopted by Mozambique, which did not contemplate/allow commercial debt. For the "good" of the Mozambican nation, Manuel Chang should have refused to contract the commercial debt, before the former President of the Republic, Armando Emílio...
World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala said yesterday during the opening of the organization's ministerial conference that a new split between world blocs due to the war in Ukraine could lead to a 5% drop in global gross domestic product (GDP). If the current geopolitical tensions arising from the war in Ukraine...
The Government today announced the reduction of the budget deficit (before grants) from 7.9% to 4.8% of Gross Domestic Product (GDP). "Fiscal policy for 2021 focused on actions in the tax area with a view to increasing and diversifying revenue capture levels and rationalizing public spending given limited resources,"...
The Association of European Chambers of Commerce (EUROCAM) defends the maintenance of permanent dialogue between the Government and the private sector, and application of "courageous" reforms for Mozambique to attract more Foreign Direct Investment. EUROCAM also points out the need for the Government to invest more in Small and Medium Enterprises (SMEs). According to the president of the association,...
The properties of Mozambicans in the United Arab Emirates (UAE) are equivalent to a little more than half of one percent of the Gross Domestic Product (GDP), or 0.53%. According to a publication, the fortune of Mozambicans in Dubai reaches 78 million dollars, in a total of 359 properties. The document published this Monday (16), and to the...
The Trade Agency of the Embassy of the United States of America (USA), in partnership with the Mozambican Chamber of Commerce (CCM) gathered in a seminar, recently, in Maputo, 45 businessmen from both countries who discussed the possibility of creating a Franchise Market, in the scope of the preparation of the 30th International Franchise Exposition, to be held in...
Standard Bank has published a report revealing that the Gross Domestic Product (GDP) will slightly exceed $15.6 billion in 2021. The figure represents a growth of 2.2% compared to the previous year when the record was $15 billion. The forecasts of what is considered one of the three best...
Portugal's public debt ratio was 130.5% of Gross Domestic Product (GDP) in the third quarter of last year, the third highest in the European Union (EU) and above that of the Euro-Zone (97.7%) and the 27 as a whole (90.1%). Eurostat, the EU's statistical office, published the data this Friday...
The weight of the salaries of the State employees and agents is currently around 13% of the Gross Domestic Product (GDP), and the Government intends to cut the expenses to around 8% or 9% within the next four years, according to the Minister of Economy and Finance. Adriano Maleiane advanced that the application of the new single table of...