Sasol Women in Accounting Programme contributes to the upskilling of Mozambique workforce
Mozambique: IMF advocates for transparency in natural resource management – report
3:49 CAT | 22 Nov 2019
Photo: @MOZEFO
The director of the Africa Department of the International Monetary Fund (IMF) has urged the Mozambican authorities to manage natural resource gains transparently so as to combat poverty and promote prosperity.
“The existence of immense natural resources creates the potential to lift millions of Mozambicans out of poverty , but this benefit will only be possible if the resources are managed transparently,” Abebe Selassie said in Maputo on Thursday.
Abebe Selassie spoke on the theme “Economic prospects for sub-Saharan Africa 2030: challenges and opportunities for Mozambique”, during the Economic and Social Forum of Mozambique (Mozefo), which ended on Thursday.
For an equitable redistribution of revenues from natural resources, particularly gas, it will be important for all Mozambicans to know where the gains are allocated and why, he said.
“If a community expects to see a school in its region, it will have to be explained why the school is not there,” he exemplified.
The fight against corruption is also fundamental to the well-being of Mozambicans because it discourages the diversion of funds needed for essential public services and provides a favourable climate for private investment, Abebe Selassie said.
The director of the IMF Department for Africa also advocated strengthening state institutions as guarantors of individual rights and freedoms and free enterprise.
Speaking on the same panel, former Mozambican Prime Minister Luísa Diogo pointed to the imperative of a structural transformation of the Mozambican economy and society so that the country can share in the gains from natural resource revenues.
“We have made reforms in the past that have put us on an attractive growth level, but now we need a structural transformation that makes the institutions more capable of ensuring redistribution,” said Luísa Diogo.
Prudent policies and macroeconomic management are essential if the country is to have the necessary foundations for inclusive economic growth, she added.
“Precisamos de projectos estruturantes direccionados ao sector privado porque ele é multiplicador da riqueza nacional” afirmou Luísa Diogo, Antiga Primeira-Ministra de Moçambique, durante a sua intervenção no 1º painel desta tarde #mozefo #mozefo2019 #OFuturoÉAgora #africa2030 pic.twitter.com/mxE1tkw8l0
— Mozefo (@MOZEFO) November 21, 2019
For the Mozambican academic José Chichava, former minister of state administration, the inclusion of rural communities in the design and implementation of policies will be essential for the success of the fight against poverty.
“The communities have much to teach about how they want their problems to be solved. If non-negotiated solutions are imposed, there will not be the necessary mobilisation,” he said.
To this end, it is important to broaden access to quality education so that society participates effectively in the governance process, he said.
“Não devíamos formalizar o sector informal mas sim criar melhorias para o funcionamento do mesmo”, José Chichava, Académico e Antigo Ministro da Administração Estatal, no quarto painel do último dia do MOZEFO. #ofuturoeagora #mozefo #mozefo2019 #africa2030 #opaisonline pic.twitter.com/gBstkEc2pN
— O País Online (@opaisonline) November 21, 2019
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