Home Economy Mozambique shows first signs of recovery from the most devastating natural disasters...

Mozambique shows first signs of recovery from the most devastating natural disasters in the last 20 years, Idai, Kenneth

21
0

Tropical cyclones Idai and Kenneth put the Mozambique economy under serious threat in 2019 but today the International Monetary Fund (IMF) expresses their optimism that the country’s economic recovery is on course.

Mozambique, which recently discovered oil and gas, was moving towards presidential elections when storms beat down the country, as well as neighbouring Zimbabwe and Malawi, destroying crops and infrastructure, as well as killing hundreds of people.

The hardest hit was in Mozambique started overnight on March 14, 2019, when at least 600 people died and 1,600 others were injured, according to official estimates. Nearly 111,000 houses were completely destroyed.

Now IMF says the country has put together its life to rebuild from the effects of that tragedy.

“I am happy that Mozambique’s economy is recovering from the effects of Tropical Cyclones Idai and Kenneth last year”, IMF’s Deputy Managing Director Tao Zhang said in a statement after a five-day visit to the southern African country.

LEAVE A REPLY

Please enter your comment!
Please enter your name here