GDP in Mozambique
Mozambique - GDPThe conclusion of a long-awaited audit into USD 2 billion of suspect loans granted to three state-owned companies over the last five years was finally released in late June, with a damning verdict for the government; a quarter of the loans are still not fully accounted for and significant information gaps remain. Although the IMF is currently in town to discuss the details of the audit, it seems unlikely that financial assistance will resume for the time being, while such a lack of clarity persists. Meanwhile, bondholders have called for the liquidation of all three companies and urged the government to repudiate the loans. The country is in a precarious fiscal position, having missed three loan repayments so far this year and struggling with a gaping budget deficit and high public debt.
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||61.24||0.75 %||Aug 16|
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