According to the Bank of Mozambique (BM), this growth will be sustained by the start-up of energy projects in Temane, province of Inhambane, and in the Rovuma basin, province of Cabo Delgado.
A particular aspect is the resumption of the support of the International Monetary Fund (IMF) to Mozambique, which will help to strengthen the State Budget, relieve the public debt and the pressure on the exchange rate, something that may contribute to a quick recovery of the economy.
Emílio Rundo of Banco de Moçambique explained that the stability of the Metical against the dollar, which has raised questions, is occurring a relative comfort in the foreign exchange market that contributes to the stability of the exchange rate, mainly explained by the confidence and fluidity of foreign exchange, translated by a balance in demand and supply.
