Mozambique: Govt and private sector harmonize removal of barriers to investment – O País

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Mozambique: Govt and private sector harmonize removal of barriers to investment – O País

3:54 CAT | 08 Oct 2021

Photo: O País

According to the deputy minister of Industry and Commerce, Ludovina Bernardo, one of the great challenges that Mozambique is currently facing stems from the terrorist actions in Cabo Delgado and the Covid-19 pandemic, whose negative effects are currently abating.

Despite these challenges, the country recorded remarkable progress in the implementation of the Action Plan for the Improvement of the Business Environment (PAMAN) in the period 2019-2021, which now stands at 43.2% complete, Bernardo highlighted.

“We cannot lose sight of the fact that this is the last year of implementation of this instrument, which contains integrated actions that the government and the private sector have committed to carrying out to ensure the continuous improvement of the business environment in our country,” the deputy minister said.

Ludovina Bernardo was speaking at the opening of the workshop to harmonize the actions of the Intersectorial Group for the Removal of Barriers to Investment (GIRBI) and sections of the Confederation of Economic Associations (CTA).

Also according to the deputy minister, the executive is aware of the need to adopt more stimuli to private investment, in order to be able to react to adverse circumstances.

“We must collectively assume that there is still a long way to go at this stage of the pandemic. For this reason, we are all called on to be bold in order to rebuild our economy, which involves continuing with actions to simplify and reduce bureaucracy of processes and procedures,” Bernardo stressed.

The CTA will this year hold, from 22 to 24 November, the XVII Annual Private Sector Conference (CASP) from Maputo city, but in hybrid format, with in-person participants limited to 300, under the motto “Reforming the Environment for Economic Recovery”.

By Ernesto Martinho

Source: O País