Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
ViewpointJanuary 2 2019

Rogério Zandamela: Restructuring Mozambique for a post-debt crisis revival

Rogério Zandamela, a former senior IMF official and now the governor of Mozambique’s central bank, talks to Peter Wise about repairing the damage inflicted by the country's debt crisis, upgrading its banking regulation and the prospects for an economy about to tap huge natural gas resources.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

Q: What impact do you expect the big liquefied natural gas [LNG] projects scheduled to come on stream in the next few years will have on the economy of Mozambique?

A: Strong prospects for the Mozambican economy will open up when these major LNG projects start production. They are expected to generate large volumes of exports, producing revenues that will strengthen our international reserves. The large number of jobs and related services they create should help reduce current levels of unemployment and help leverage micro, small and medium-sized enterprises by aggregating local content. The tax revenues generated are also expected to help our government implement social and infrastructure investment plans and develop a long-term savings programme. For these reasons, I expect these projects to bring about a structural transformation of our economy.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial