Mozambique Location : Southern Africa, bordering the Mozambique Channel, between South Africa and Tanzania
Capital City : Maputo
Curreny : metical (MZM)
Languages Spoken : Portuguese (official), indigenous dialects
Climate : tropical to subtropical
National Holiday : Independence Day, 25 June (1975)
Background Information
Almost five centuries as a Portuguese colony came to a close with independence in 1975. Large-scale emigration by whites, economic dependence on South Africa, a severe drought, and a prolonged civil war hindered the country's development. The ruling party formally abandoned Marxism in 1989, and a new constitution the following year provided for multiparty elections and a free market economy. A UN-negotiated peace agreement with rebel forces ended the fighting in 1992.
Geographical Note
the Zambezi flows through the north-central and most fertile part of the country
Economy
At independence in 1975, Mozambique was one of the world's poorest countries. Socialist mismanagement and a brutal civil war from 1977-92 exacerbated the situation. In 1988, the government embarked on a series of dramatic macroeconomic reforms designed to stabilize the economy and reduce government participation. These steps combined with the political stability that has prevailed since the 1994 multi-party elections have led to dramatic improvements in the country's growth rate fueled by foreign and domestic investments and donor assistance. Inflation was brought to single digits during the same period, although it has returned to double digits in 2000 and 2001. Foreign exchange rates have remained relatively stable. Fiscal reforms, including the introduction of a value-added tax and reform of the customs service, have improved the government's revenue collection abilities. In spite of these gains, Mozambique remains dependent upon foreign assistance for much of its annual budget, and the majority of the population remains below the poverty line. Subsistence agriculture continues to employ the vast majority of the country's workforce. A substantial trade imbalance persists, although it has diminished with the opening of the MOZAL aluminum smelter, the country's largest foreign investment project. Additional investment projects in titanium extraction/processing and garment manufacturing should further close the import/export gap. Mozambique's once substantial foreign debt has been reduced through forgiveness and rescheduling under the IMF's Heavily Indebted Poor Countries (HIPC) and Enhanced HIPC initiatives, and is now at a manageable level.
Religions
indigenous beliefs 50%, Christian 30%, Muslim 20%
Ports : Beira, Inhambane, Maputo, Nacala, Pemba, Quelimane
International Disputes - Risks to travellers
: none
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