Mozmbique-Economic Info.

A detailed Summary of Mozmbique-Economic Info.

Despite of the economic progress experienced in the late 1990s, Mozambique remains one of the poorest countries in the world, with 60 per cent of the population living below the poverty line. The problems facing Mozambique include:

· Economic benefits barely reach 80 per cent of the population living in rural areas

· The devastating consequences of the civil war

· The national emergency of HIV/AIDS is over stretching the pressure on already overstretched resources

· The ever growing external debt which diverts funds away from healthcare and education

· Continual dependence on foreign finance for development projects

· Natural hazards such as the year 2000 floods

Immediately after independence in 1975 considerable progress was made, but these gains were mostly lost in the sixteen years of civil war and decades of disastrous natural hazards. As a result the Republic Of Mozambique is a severely underdeveloped country.

Landmines still render travel outside the capital hazardous, while food shortages costly international flights, and poor infrastructure are added obstacles.

Whilst it was destroyed by the civil war, it is slowly rebui

Some long-term ideas to assist in the redevelopment and ongoing struggle to reach developing status might be Economic Reform, Foreign Investment and Cancellation of debts.

Mozambique expects to broaden its export range between 2001 and 2005. The Mozai aluminium smelter, built at the end of the 1990s, began production in 2001. Electrical transmission lines to South Africa and Zimbabwe will export electricity from the Cahora Bassa Hydro electric plant. Also the discovery of natural gas in Mozambique will provide further opportunities for the export of energy, therefore generating more money for the country.

given political stability, Mozambique could yet exploit its excellent beaches and game reserves, which include the Gorongosa Game Park. There are plans afoot to incorporate reserves into South Africa's much-visited Kruger Park, just across the boarder. Some foreign hotel groups are once more targeting Maputo as a luxury tourist and conference venue. In the 1970s the tourist industry drew some 300,000 South Africans and Rhodesians as visitors to the country.

Mozambique is likely to receive a formal cancellation of another large portion of i

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Approximate Word count = 776
Approximate Pages = 3 (250 words per page double spaced)

Category: History

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