Mozambique: A New Wave of Growth

摘要

Since President Armando Guebuza took office in 2005, his administration has expanded Mozambique's economy and improved its citizens' lives. From 2005 to 2013, annual GDP growth averaged over 7%, despite floods last year that ruined harvests. GDP is expected to increase to 8.5% in 2014, fueled by oil and gas finds, improvements in infrastructure and greater foreign direct investment. Speaking to the leadership of Frelimo, Mozambique's ruling party, this May, President Guebuza underscored the importance of having a "long-term vision" for the future: "A self-respecting country is not built with politicians who regard people as a simple statistic, but built by those who identify with the people's cause."