Mozambique: Two mobile weighbridges deployed for load control on Tete's Samora Machel bridge
The World Bank has lowered its annual institutional assessment of Mozambique’s economic policies for 2016, in an analysis where public debt management obtains the lowest score, Lusa reports.
According to the assessment, Mozambique fell from 3.5 points to 3.2 points, still 0.1 points above the sub-Saharan Africa average, despite the decline in the total of 16 indicators that make up the Country and Policy Institutional Assessment (CPIA) for 2016.
The assessment is calculated annually by the World Bank and draws on four major lines of evaluation (Economic Management, Structural Policies, Policies for Social Inclusion and Equity, and Public Sector Management and Institutions).
It is in Economic Management that Mozambique has the lowest score, with 3.0 points against a sub-Saharan average of 3.2, while in the remaining three items the evaluation is higher than the average of the countries of this region and practically the same as last year’s.
In total, Mozambique scored 3.2 points last year, compared to the 3.1 regional average, while in 2015 it scored 3.5 points against a sub-Saharan average of 3.2 points.
Mozambique’s assessment has been declining since 2013, but as it was comparatively high at that time, it is still above the average for sub-Saharan Africa, which also saw average ratings decline.
In July, the World Bank said that the Mozambican economy was beginning to show positive signs, arguing that the country should focus on fiscal consolidation to ensure sustainable growth.
On a visit to the country on the eve of the report’s release, World Bank Executive Director Andrew Bvumbe said that GDP growth could reach 4.5 percent after its lowest performance of the last years in 2016, when it was 3.7 percent.
During the visit, the official also announced that despite the freezing of institutional aid to Mozambique in the wake of the hidden debt scandal, the World Bank would spend US$1.2 billion in Mozambique over the next three years on agriculture, health, education and infrastructure.
Full report here.
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.