Zitamar Daily Briefing, 4 June 2018
Welcome to Zitamar’s daily Mozambique briefing for 4 June, 2018. Agenda Today: IMF presents its…
Browsing: GDP
Mozambique seeks $338m from donors to bridge 2018 budget deficit
The Mozambican government is banking on external aid of over $300 million to help cover its $1.26 billion budget deficit next year, saying “everything points to a good outcome” in talks with traditional donor countries, and potential new partners. [...]
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Mining boom won’t reverse Mozambique slowdown, economists say
Standard Bank has slashed its growth forecast for Mozambique’s economy for 2018, fearing that an IMF-funded program will continue to be delayed, impacting investor confidence and prospects for the return of donor support.
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Metical stabilises as optimism returns to Mozambique’s economy
Standard Bank now expects Mozambique’s currency, the metical, to stabilise at its current level of around 60-61 to the dollar through the end of 2017 - a sentiment echoed by the International Monetary Fund’s representative in Mozambique this week who said [...]
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IMF slashes Mozambique growth forecast on gas project delays
The International Monetary Fund has slashed its forecast for Mozambique’s economic growth in 2021 - apparently ruling out the start of gas revenues for more than five years.
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