Mozambique’s target of 8% economic growth this year is realistic despite floods and cyclones which hit the country this year, a World Bank official said. The World Bank’s Mozambique director Michael Baxter also said inflation, which stood at 8,4% in 2007, could be kept in single digits in 2008.
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/ 1 February 2008
Mozambique’s poverty-alleviation programme this week received a boost following the approval of a further -million loan by the World Bank. ”The council of executive directors of the World Bank has approved a credit for the International Development Association to the value of -million,” the bank said in Maputo on Friday.