PESA Editorial on Mozambique: 1H2023/24

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• Last Updated December 16, 2023

Mozambique’s economy has continued recovering from the global shocks caused by the COVID-19 pandemic in 2020 and the Russia-Ukraine conflict in 2022. The Bank of Mozambique (BancoMoc) does not have an explicit inflation target and its central monetary policy target is maintaining the value of the currency. The Government of Mozambique has followed an unpredictable fiscal policy that is sometimes prudent and otherwise procyclical. Mozambique’s external sector has recovered from the global shock caused by the COVID-19 pandemic in 2020 but did not benefit from the higher commodity prices in the aftermath of the Russia-Ukraine conflict. Read more accurate and balanced analysis of the political economy in Mozambique here: https://politicaleconomy.org.za/2023/12/pesa-editorial-on-mozambique-1h2023-24/.