Severe weather will not affect Mozambique economy – Minister Maleiane

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Severe weather will not affect Mozambique economy – Minister Maleiane

9:37 CAT | 17 Feb 2016

In file Club of Mozambique / Adriano Maleiane.

Economy and Finance Minister Adriano Maleiane says the severe drought affecting southern Mozambique and heavy rains in the centre and north of the country are not expected to affect economic performance this year.

Maleiane, who was addressing the closing session of the 2015 planning meeting between the government and the group of programme support partners late on Monday, acknowledged that 2016 would be difficult but gave assurances that everything was being done to reduce the possible negative impacts on production.

“Floods and drought have surpassed the initial forecasts we had when we drew up the Economic and Social Plan and will have a significant impact on agricultural production and livestock, but we believe it will not affect the economic growth forecasts for this year,” said Maleiane.

The meeting with the partners aimed to assess the government’s planning instruments, namely the Economic and Social Plan and the State Budget, as well as setting performance targets both for the government and the partners for 2016-2018.

The ambassador of Portugal, José Duarte restated the commitment of partners to ensure the disbursement of funds pledged to the Mozambican government, which could reach US$305 million this year.

Source: APA