Floods may reduce Mozambique’s economic growth : IMF
Monday, 26 January 2015
MAPUTO, Jan 25 (Xinhua) : The International Monetary Fund (IMF) said Sunday that this year's floods in the central and northern regions of Mozambique may compromise the country's economic growth in 2015.
Currently, economic growth in Mozambique stands at 7.5 per cent annually. "Perspectives still continue positive, but the floods may reduce the growth of the economy," said the IMF resident representative in Maputo, Alex Segura-Ubiergo, on Saturday.
According to him, various infrastructures have been hampered by the calamities in the two regions.