To ease your site search, article categories are at bottom of page.

January 31, 2009

Farming to bolster Mozambique GDP in 2009

by Ben Hirschler

Mozambique's economy should grow 6.5 to 7.0 percent in 2009 -- similar to last year's level -- as higher agricultural output and steady aid flows offset the global downturn, its prime minister said on January 31.

"This year, the expectation is between 6.5 to 7," Luisa Dias Diogo said on the sidelines of the annual meeting of the World Economic Forum in Davos, Switzerland.

"Why isn't there a big cut? Because more than 36 percent of the GDP (gross domestic product) depends on agriculture ... and for this year we foresee a growth of 15 percent for agriculture."

The southern African country is one of the poorest on the continent but has had one of the fastest growing economies over the past decade, following a series of economic reforms.
It has typically shown growth of 8-10 percent, but was hit last year by floods and higher food and oil prices.

The current official growth forecast for 2008 is 6.5 percent but Diogo said she expected this to be revised up slightly to around 6.8 percent when final figures are released next month.
Mozambique still relies heavily on donor aid to fund economic expansion and more than 50 percent of the government's budget depends on foreign aid.

Article Categories

AGRA agribusiness agrochemicals agroforestry aid Algeria aloe vera Angola aquaculture banana barley beans beef bees Benin biodiesel biodiversity biof biofuel biosafety biotechnology Botswana Brazil Burkina Faso Burundi CAADP Cameroon capacity building cashew cassava cattle Central African Republic cereals certification CGIAR Chad China CIMMYT climate change cocoa coffee COMESA commercial farming Congo Republic conservation agriculture cotton cow pea dairy desertification development disease diversification DRCongo drought ECOWAS Egypt Equatorial Guinea Ethiopia EU EUREPGAP events/meetings expo exports fa fair trade FAO fertilizer finance fisheries floods flowers food security fruit Gabon Gambia gender issues Ghana GM crops grain green revolution groundnuts Guinea Bissau Guinea Conakry HIV/AIDS honey hoodia horticulture hydroponics ICIPE ICRAF ICRISAT IFAD IITA imports India infrastructure innovation inputs investment irrigation Ivory Coast jatropha kenaf keny Kenya khat land deals land management land reform Lesotho Liberia Libya livestock macadamia Madagascar maiz maize Malawi Mali mango marijuana markets Mauritania Mauritius mechanization millet Morocco Mozambique mushroom Namibia NEPAD Niger Nigeria organic agriculture palm oil pastoralism pea pest control pesticides pineapple plantain policy issues potato poultry processing productivity Project pyrethrum rai rain reforestation research rice rivers rubber Rwanda SADC Sao Tome and Principe seed seeds Senegal sesame Seychelles shea butter Sierra Leone sisal soil erosion soil fertility Somalia sorghum South Africa South Sudan Southern Africa spices standards subsidies Sudan sugar sugar cane sustainable farming Swaziland sweet potato Tanzania tariffs tea tef tobacco Togo tomato trade training Tunisia Uganda UNCTAD urban farming value addition value-addition vanilla vegetables water management weeds West Africa wheat World Bank WTO yam Zambia Zanzibar zero tillage Zimbabwe

  © 2007 Africa News Network design by Ourblogtemplates.com

Back to TOP