The Minister of Planning and Development said today that the average economic development projections of almost 5% for Mozambique could be negatively affected by internal and external factors, requiring synergies between different actors capable of influencing the implementation of public policies.
"For the five-year period 2025/29, the national economy is expected to see an improvement in economic growth, reaching an average of 4.6% and inflation stabilizing in single digits, at an average annual rate of around 2.9%. Income is also expected to grow per capita from 662.9 dollars to 951.7 dollars, including liquefied natural gas," said Salim Valá.
The government official pointed to terrorism in Cabo Delgado, extreme weather events, the strengthening of geo-political tensions, the volatility of the international financial markets and external macroeconomic shocks, as uncertainties that could pose challenges to the success of the PQG 2025/29, presented today in parliament.
In fact, the Minister recalled that in the previous five-year period, the country had to deal with shocks such as cyclones Idai, Kenneth and Fredy, the Covid-19 pandemic, external macroeconomic shocks, terrorism in Cabo Delgado and the post-election tensions of 2024. These factors led to a moderate economic performance of around 2.6%
Considering the possible impacts contrary to the Executive's intentions for progress, he warned against joining forces between the different state and private institutions.
"The government is aware of the set of prevailing challenges whose solutions will require integrated and concerted interventions between the government, the private sector, the social partners, parliament and all the living forces of society," he said.
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