Economy / Mozambique
If you would like to subscribe to Southern Africa Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Southern Africa Monitor please click on the trial link below.
Macroeconomic Forecast Mozambique
June 2008 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Southern Africa Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Southern Africa Monitor please click on the trial link below.
The 19 donor agencies supporting and financing the state budget have promised US$774.3mn for 2009, up from US$624.8mn promised the previous year, despite Sweden and Switzerland reducing their aid in euro terms. Of this, direct budget support has increased by 16% to US$445.2mn, while the amount for sector programmes and funds has increased by 36% to US$329.1mn. While donor funds have increased by 24%, the Metical has appreciated by almost 10% against the dollar over the past year. While relatively stable since the start of the year, trading between MZN23.25-24.50/US$, we believe that the currency has room to appreciate further.