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Mozambique Country Economic Memorandum


Mozambique Country Economic Memorandum
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Mozambique Country Economic Memorandum


Mozambique Country Economic Memorandum
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Author : World Bank Group
language : en
Publisher:
Release Date : 2021

Mozambique Country Economic Memorandum written by World Bank Group and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.


Mozambique has experienced rapid growth for over two decades. Growth accelerated remarkably following the end of the civil war, averaging 7.9 percent over 1993-2015, among the highest in sub-Saharan Africa (SSA). However, growth decelerated sharply following the hidden debt crisis in 2016, which led to a crisis of economic governance and a protracted economic slowdown, with growth falling to 3 percent in 2016-2019. The growth slowdown has been further exacerbated by the natural disasters in 2019, the insurgency in Northern Mozambique, escalating since 2017, and the global pandemic since 2020. Mozambique's existing growth strategy has been limited in its capacity to generate productive jobs and support accelerated poverty reduction. However, the discovery of some of the largest natural gas (LNG) reserves in the world is expected to provide Mozambique with a transformative opportunity for sustained and inclusive growth. The Mozambique Country Economic Memorandum (CEM) assesses Mozambique's current growth model and presents a set of recommendations to: (i) make the best use of the non-renewable natural resource revenues, which includes putting in place an adequate policy and institutional framework well ahead of the revenue windfalls from the LNG sector; and (ii) promote growth in non-extractive sectors, accompanied by spatial transformation, and improved agricultural productivity. The report consists of five chapters. Chapter one provides an overview of Mozambique's current growth model, asking what's driving growth and outlining why this model needs rethinking. Chapter two provides analysis of the potential impact of Mozambique's resource boom on GDP, exports, revenue, and employment, and discusses how to make good use of the opportunities and manage the associated risks. Chapter three tells Mozambique's growth story from a spatial perspective. It constructs a unique district-by-district sectoral GDP database to identify the main growth nodes in Mozambique and understand why there is a weak link between growth and poverty reduction. The services sector is the subject of chapter four, exploring how to overcome bottlenecks to deliver on its potential to drive growth in Mozambique. Chapter five continues this theme, examining the challenges posed to private sector growth by weak governance and rising corruption. All five chapters make policy recommendations for the way forward.



Mozambique


Mozambique
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Author :
language : en
Publisher:
Release Date : 2005

Mozambique written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Electronic book categories.




Mozambique Country Economic Memorandum


Mozambique Country Economic Memorandum
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Author :
language : en
Publisher:
Release Date : 2001

Mozambique Country Economic Memorandum written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.




Mozambique Country Economic Memorandum Growth Prospects And Reform Agenda


Mozambique Country Economic Memorandum Growth Prospects And Reform Agenda
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Author : Banco Mundial
language : es
Publisher:
Release Date : 2001

Mozambique Country Economic Memorandum Growth Prospects And Reform Agenda written by Banco Mundial and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.




Mozambique


Mozambique
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Author : Weltbank
language : en
Publisher:
Release Date : 2012

Mozambique written by Weltbank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.


Mozambique has staged a dramatic recovery from the damage of the civil war, improving infrastructure nearly to pre-war levels; reducing poverty from 69 to 54 percent; growing the economy by 8 percent annually between 1996 and 2003; expanding the agricultural, tourism construction and manufacturing sectors; and attracting mega-projects in aluminum smelting, natural gas, and titanium mining, and this tripling exports. Another factor which was a precondition for all of the above is the fact that the country was successful in bringing about reconciliation, ending the civil war, and in managing potential conflicts since that time. Mozambique has just had its third general and presidential election. Nevertheless the country remains poor, infrastructure is inadequate, there are serious unmet education and health needs, and poverty rates remain high. This Memorandum examines the growth-poverty linkage, using a wide variety of data sources, including the recently completed national household survey (2002/3). It has sought to understand the sources of growth in the recent past, to evaluate the prospects for growth in the next decade, to examine the likely implications for poverty, and to outline the policies that will be needed to achieve further growth and poverty reduction. The Country Economic Memorandum also examines the relevance of natural resource management to growth and poverty objectives.



Mozambique Country Economic Memorandum


Mozambique Country Economic Memorandum
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Author : Weltbank
language : en
Publisher:
Release Date : 2013

Mozambique Country Economic Memorandum written by Weltbank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.


This Country Economic Memorandum reviews the significant changes Mozambique underwent in the last five years, specifying that to continue its rapid growth, and reduce its high levels of poverty, the country will need to adopt a new set of reforms. Such reforms, focused on increasing the profitability of agriculture, and promoting labor-intensive manufacturing activities, hold the best hope to move poverty into prosperity. Three factors - increased political stability, deep economic reforms, and foreign assistance - contributed to the positive developments. But the country still faces absolute poverty, particularly in rural areas, where infrastructure, and communications are lacking, aggravated by high illiteracy, and low life expectancy rates. Strengthening the macroeconomic environment will require a reform agenda, reducing the fiscal deficit by increasing tax revenues, while improving public spending. Moreover, the country's external position continues to be vulnerable, thus the external balance needs to be strengthened. Therefore, infrastructure recovery, namely roads, would facilitate rural trade, as will alternative mechanisms not based on trade restrictions, to address food security concerns, and promote improvements in productivity. Strategic actions to prod private sector development, and increase flexibility in the labor market should be decisive, to enhance as well education, and health.



From Falling Behind To Catching Up


From Falling Behind To Catching Up
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Author : Richard Record
language : en
Publisher: World Bank Publications
Release Date : 2017-11-22

From Falling Behind To Catching Up written by Richard Record and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-22 with Business & Economics categories.


Despite decades of development efforts supported by significant amounts of foreign aid, Malawi has experienced weak and volatile economic growth performance over a sustained period of time. Malawi’s growth remains an outlier even compared to its geographically and demographically similar peers. Moreover, growth has been distributed unequally, with little impact on poverty. Per capita income has improved only minimally in the 50 years since independence, and Malawi now has one of the lowest per capita incomes in the world. From Falling Behind to Catching Up aims to improve readers’ understanding of the puzzle of Malawi’s development performance and identify ways for the country to achieve robust growth and stay on a stable growth path that helps the poor. The book places a strong emphasis on assessing Malawi’s growth experience since independence from a comparative international perspective. It seeks to benchmark Malawian outcomes on growth, structural change, and transformation against peers and explores possible reasons for divergence from international trends. The book also puts deeper drivers of economic growth at the center of the discussion, looking in particular at the institutions and policies that may have affected Malawi’s growth outcomes and ones that could help Malawi avoid macroeconomic instability in the future. This book first begins by discussing Malawi’s macroeconomic situation and challenges in fiscal management, reviewing and drawing lessons from the instability, slippages, and shocks Malawi has experienced since independence. Second, given how critical the agricultural sector is to poverty reduction in Malawi, the overview explores the current state of agricultural markets. Third, looking at the factors that may constrain higher growth in the future, challenges in private sector development and job creation are discussed. Finally, building on the analysis of challenges, the book concludes with a summary of policy recommendations aimed at helping Malawi begin catching up with its peers.



Republic Of Mozambique


Republic Of Mozambique
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2005-09-06

Republic Of Mozambique written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-09-06 with Business & Economics categories.


This Selected Issues paper and Statistical Appendix reviews Mozambique’s impressive economic growth, its composition, and its impact on poverty reduction over the past decade. The paper highlights that improvements in total factor productivity, resulting from a stable macroeconomic environment, the implementation of structural reforms, and high inflows of foreign capital and concessional assistance, have been significant. Good progress has been made in reducing poverty and improving social indicators. The paper also takes stock of the tax reform that Mozambique has implemented since 1996.



Mozambique Rising


Mozambique Rising
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Author : Ms.Doris C. Ross
language : en
Publisher: International Monetary Fund
Release Date : 2014-05-29

Mozambique Rising written by Ms.Doris C. Ross and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-29 with Business & Economics categories.


This publication highlights Mozambique’s remarkably strong growth over the two decades since the end of the civil war in 1992, as well as the major challenges that remain for the country to rise out of poverty and further its economic development. Chapters explore such topics as the role of megaprojects and their relationship to jobs and growth; infrastructure and public investment; Mozambique's quest for inclusive growth; developing the agricultural sector; and building a social protection floor.



Zimbabwe


Zimbabwe
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Author :
language : en
Publisher:
Release Date : 1995

Zimbabwe written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Industries categories.