Nyusi :governance with less foreign currency
No remorse at all:Filipe Nyusi.
The President of the republic said yesterday that he has no remorse,but merely acknowledges that he assumed his governance during a period of bad forex, in a context where the metical tends to lose ground against the US dollar.
Filipe Nyusi added that the reduced availability of foreign currency is due to the reduction of external assistance to the country.
The presidential confession was virtually confirming the figures released this week by the Bank of Mozambique, marking a fall of 33.9% of the metical by September of this year.
"This reality can not put us in a desperate situation. This is about to challenge us - leaders, financial system and the country - to raise the indicators towards sustainable economic development, "advanced Nyusi in a speech commemorating the 20th anniversary of the Millennium Bim, a gala held in Maputo and attended the by leaders of public and private entities.
Even with the high level of weakening of the metical, the President considered that the performance of the national economy remains satisfactory.
The Head of Government appealed to the evolution of macroeconomic indicators to support his position: "Inflation remains low and controlled. In September, annual inflation was 2.7% against a target of the year of 5%. The (growth) of gross domestic product in the first half was 6.3%, although below 2014 levels, "but within the path consistent with the objectives for the full year 2015,of 7.5%".
The President of the republic said yesterday that he has no remorse,but merely acknowledges that he assumed his governance during a period of bad forex, in a context where the metical tends to lose ground against the US dollar.Filipe Nyusi added that the reduced availability of foreign currency is due to the reduction of external assistance to the country.
The presidential confession was virtually confirming the figures released this week by the Bank of Mozambique, marking a fall of 33.9% of the metical by September of this year.
"This reality can not put us in a desperate situation. This is about to challenge us - leaders, financial system and the country - to raise the indicators towards sustainable economic development, "advanced Nyusi in a speech commemorating the 20th anniversary of the Millennium Bim, a gala held in Maputo and attended the by leaders of public and private entities.
Even with the high level of weakening of the metical, the President considered that the performance of the national economy remains satisfactory.
The Head of Government appealed to the evolution of macroeconomic indicators to support his position: "Inflation remains low and controlled. In September, annual inflation was 2.7% against a target of the year of 5%. The (growth) of gross domestic product in the first half was 6.3%, although below 2014 levels, "but within the path consistent with the objectives for the full year 2015,of 7.5%".
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