GDP in Mozambique
Mozambique - GDPMozambique remains in a sticky economic situation, sliding deeper into default last month after failing to repay USD 119 million on a government-backed loan, marking the second missed payment so far this year. All eyes are on the ongoing debt audit, to be finalized on 28 April. As part of the investigation, the country’s attorney-general recently requested information from banks regarding former President Guebuza’s accounts, along with 17 other individuals. The IMF is awaiting the outcome of the audit before considering a further financial assistance package, while bondholders have refused to countenance restructuring until the conclusions are published. In a rare piece of good news, the government will soon receive a USD 350 million tax windfall, thanks to ExxonMobil’s recent investment in the country’s gas reserves, which should provide a temporary reprieve.
Mozambique - GDP Data
|Economic Growth (GDP, annual variation in %)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Mozambique GDP Chart
Source: National Institute Statistics
|Exchange Rate||62.31||-3.03 %||May 10|
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