Frelimo Caucus says Sovereign Wealth Fund needs more subsidies

Bancada da Frelimo diz que Fundo Soberano precisa de mais subsídios

The Frelimo parliamentary bench defended yesterday, the postponement of the debate on the bill that creates the Sovereign Fund in order to deepen the debate.

According to the head of the Frelimo caucus, Sérgio Pantie, who was speaking in the Assembly of the Republic at the close of the VII Session, this postponement is essentially aimed at gathering more information on the matter.

Sérgio Pantie explained that the proposal to revise the Labor Law was not debated, as it was found to be out of step with the new sectors of activity, especially mining and national oil.

"This draft law aims to bring the legal labor framework into line with the special labor regimes and international conventions ratified by Mozambique. The proposal is still receiving contributions from the various sectors and groups concerned," explained Sérgio Pantie.

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