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Region:
Eastern Africa
Capital:
Maputo
Population:
18 811 731 (July 2004 est.)
Surface
area: 801 590 square km
Currency:
metical
GDP
per capita: $1 200 (2003 est.)
Historic
background:
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 1987, the government
embarked on a series of macroeconomic reforms designed to stabilize the
economy.
These steps, combined with donor assistance and with political
stability since the multi-party elections in 1994, have led to dramatic
improvements in the country's growth rate. 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.
Economy
– overview:
Subsistence agriculture continues to employ the
vast majority of the country's workforce. A substantial trade imbalance
persists although the opening of the MOZAL aluminum smelter, the
country's largest foreign investment project to date has increased
export earnings. Additional investment projects in titanium extraction
and 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.
United
Nations Membership date: 16 September 1975
New
York Mission:
Permanent Mission of the
Republic of Mozambique to the United Nations,
420 East 50th Street,
New York, N.Y. 10022
Telephone: 212-644-6800
/ 5965
Fax: 212-644-5972 / 0528
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