MAPUTO Mozambique (Xinhua) --
The Confederation of Economic Associations (CTA)
of Mozambique, the main employers’ association in the country
announced on Tuesday in Maputo that the economy is on recovery
as macroeconomic indicators are revealing clear signs of
“This will rebuild
trust of the market in terms of the economic growth that we
continue registering, as a result of the expansion of economic
activities. Official statistics from the first semester of 2018
point to a growth of 3.3 percent,” said the president of the
Board of CTA Agostinho Vuma from a conference on the performance
of the national economy.
CTA is also
optimistic regarding to the drop of interest rates influenced by
this recovery and consequent improvements of the market, as more
companies particularly small and medium will be in conditions to
request loans to materialize their projects.
low and steady, enabling the environment for the reduction of
interest rates in the market, dropping monthly obligations for
the requested loans,” said the CTA president.
CTA is the country’s
main forum to interact with the government on behalf of the
private sector and to influence the adoption of laws that enable
an improved business environment.