Mozambique: Police commander promises to pay back wages - AIM
Lusa (File photo) / Eliseu Machava
The secretary general of the Mozambique Liberation Front (Frelimo), Eliseu Machava, said yesterday that the economic crisis facing the country should not distract Mozambicans from their development agenda, and urged mobilisation to counter the current adverse economic climate.
“The current economic situation of the country should not distract Mozambicans from the development agenda. Now is the time for work, not lamentation,” Machava told reporters during a working visit to Maputo.
Frelimo must remain at the forefront of the mobilisation of Mozambican society in dealing with the challenges facing the country, Machava said. During HIS OR HER two-day visit, Machava will meet party cadres and civil society and religious organisations.
“At a time when Mozambicans are making efforts to counter the impact of the economic crisis affecting the world, and Mozambique in particular, our party must work, mobilise and lead by example,” the party leader said.
The International Monetary Fund (IMF) and donors to the state budget this year suspended their support after the revelation of 1.4 billion dollars (1.2 billion euros) of state-guaranteed loans to state subsidiaries not declared in the public accounts.
At the end of the visit of an IMF mission to Maputo in June, the institution said that Mozambique faces difficult economic challenges and it is expected that economic growth in 2016 to fall to 4.5 percent 6.6 percent in 2015, almost 3.3 percentage points below historical levels and with a substantial risk of falling further.
The Mozambican economy is also facing a sharp devaluation of the metical against the dollar, rising inflation and a significant reduction in investment and foreign aid.
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