Mozambique: Economy Shows Signs of Gradual Recovery, Says PM

Maputo — The Mozambican economy "is continuing to show encouraging signs of gradual recovery", Prime Minister Carlos Agostinho do Rosario told the Mozambican parliament, the Assembly of the Republic, on Wednesday.

Speaking at a question and answer session between the government and the parliamentary deputies, Rosario said the main macro-economic indicators "maintain a trajectory of stability". The exchange rate of the Mozambican currency, the metical, was stable against the US dollar and the South African rand, which had contributed to a sharp fall in inflation.

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