Poverty
The document looks at Mozambique economic prospects as the country suffers many of the woes of resource-rich countries, with a fragile development model excessively focused on extractives and major projects. It has tremendous potential but faces considerable challenges: a lack of qualified workers; a limited internal market; infrastructure insufficiencies; a costly business environment; restricted economic diversification; a high dependency on imports; increasing debt levels, a narrow tax base and limited capacity for domestic resource mobilization.
Mozambique’s GDP growth declined in 2015 to 6.3% because of lower export earnings and public expenditure but is expected to expand to 6.5% in 2016.
Amid government-opposition political tensions, improved financial management and public expenditure are needed to counter growing inequalities.
Till date the country remain among the poorest African countries
Leave Poverty to:
Best Posts From brittonstewart
We have not curated any of brittonstewart's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.