Mozambique’s Minister of Economy and Finance, Max Tonela, is in Washington to participate in the annual meetings of the World Bank and the International Monetary Fund (IMF).
Minister Tonela is expected to attend a meeting of the High-Level Working Group on Global Financial Architecture with African Ministers of Finance, Planning, and Economic Development. Mr. Tonela will also hold bilateral meetings with senior representatives of several international financial institutions, including the chairman of Afreximbank, Benedict Oramah, the executive director of the African Constitution of Group 1 (AfG1), Taufila Nyamadzabo and the executive director of the African Development Bank, João Luis NGIMBI, who represents Mozambique on the Board of this organization.
As part of the mission, the Minister will also participate in the Concept of the Annual Meetings “Scaling up action in disaster risk reduction: a critical step towards climate change – Adaptation and building resilience”.
Mr. Tonela is accompanied by the Governor of the Bank of Mozambique, Rogério Zandamela.
Mozambique’s economy is expected to expand by 5% this year versus a previous IMF forecast of 2.9%, much due to a better performance from the tourism, extractive and agriculture industries.
The country is coming back to the world’s investment spotlight as it inches closer to ship its first gas from ENI’s Coral South Floating LNG.