Mozambique: Reference interest rate drops to 18% in October
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Mozambique’s Minister of Industry and Commerce has sent a message to pessimists concerning the development of the country following the suspension of direct support to the State Budget from external donors, saying that the government did not play the victim in the face of the situation.
Senior figures from the Ministry of Industry and Commerce met in Maputo on Thursday for a Coordinating Council meeting, their last in the current five-year mandate.
It was in his opening address to this body that Minister de Sousa sent his message to the people he called pessimists.
“This government did not act grudgingly or play victim in the face of this situation. The private sector, particularly micro, small and medium-sized companies, although devastated, showed resilience and entrepreneurial spirit,” De Sousa said.
The minister also warned of the need to diversify the sources of the economy.
“We need to change the current framework of dependence on rural commerce and the extractive industries, and to diversify the aggregate production and export base,” he added.
The 17th Coordinating Council of the Ministry of Industry and Commerce takes place under the motto, “Combining partnerships and synergies to boost industry and trade for economic development”.
By Edson AranteSource: O País