Mozambique: Central Bank Calls for Endogenous, Inclusive Growth

Maputo — Mozambicans must turn the country’s current mineral resource boom into economic growth that is “endogenous, inclusive and encouraged by a state budget that is less dependent on foreign aid”, declared the Governor of the Bank of Mozambique, Ernesto Gove, on Monday.

Giving his annual, end-of-year address, Gove stressed “the urgency of drawing up a development strategy which consolidates poverty relief activities and includes them in a broader framework of the challenges emerging from the exploitation of non-renewable resources”.

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