The 20-year-development plan approved by the Council of Ministers Tuesday admits the past decade has been a disaster."Lower than expected economic growth resulted in lower investment, higher unemployment and a reduction in the government's capacity to finance social programmes and essential infrastructure" in the decade 2015-2023.
With Filipe Nyusi on his way out as president, perhaps the Council of Ministers and the Ministry of Economy and Finance which coordinated the ENDE felt they could be more honest about his decade in office. "Dependence on sectors such as low-productivity agriculture and the extractive industry has limited economic diversification. As a result, the country has become susceptible to external shocks, limited economic growth and a lack of innovation and competitiveness," the ENDE says.
The plan also points to"disparities in access to basic public services, affecting equity and social development. These disparities have been largely influenced by insufficient resources for investment, extreme weather events, the COVID-19 pandemic and rapid population growth. As a result, the population in situations of vulnerability and poverty has increased, as have regional inequalities.
Source: News Formal (newsformal.com)
News Politics Economy Trade Business Sports Current Events Travel Mozambique Southern Africa Economy Business And Finance Governance Sustainable Development
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: News24 - 🏆 4. / 80 Read more »
Source: BBCAfrica - 🏆 23. / 61 Read more »
Mozambique's Electoral Body Registers 'Non-Existent' VotersThe electoral commission in Mozambique has reportedly said it included nearly a million additional electorates in its register that the country's National Statistics Institute says 'cannot exist'.
Source: allafrica - 🏆 1. / 99 Read more »
Source: KickOffMagazine - 🏆 36. / 51 Read more »
Mozambique: Authorities Must Promptly Investigate Arrest of Journalist While Covering DemonstrationPress Release - Mozambican authorities must immediately investigate the arrest of journalist and human rights defender, Sheila Wilson, while she was broadcasting live from a demonstration on 4 June in the capital Maputo, Amnesty International and The Mozambique Human Rights Defenders Network (RMDDH) said today.
Source: allafrica - 🏆 1. / 99 Read more »
Source: ITWeb - 🏆 45. / 51 Read more »