Max Tonela, revealed that the perspective is that the Government may appreciate the proposal and send it for approval in the parliament, even before the reopening of the second plenary session of 2022, scheduled for next October.
The governor assured that the fund may be “approved during the course of this year”. It is known that Mozambique is on the verge of making this year the first export of natural gas from the Rovuma reserves, classified among the largest in the world.
The creation proposal written by the central bank and disclosed in 2020 foresees the following objectives, “accumulate savings” and “contribute to the fiscal stabilization of the country”, with transparency and accountability rules. The fund will go through a maturation period until the twentieth year.
