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Mozambique (Republic of) Feb 12
Standard & Poors, Feb 2012
Abstract
Strong growth and favorable growth prospects, supported by external financing and foreign direct investment. Ongoing very strong donor support. Emphasis on largely good macroeconomic policies, anchored by donor programs. Very low GDP per capita, low development, and extensive poverty. A fairly recent history of social unrest that still weighs on investor and donor sentiment. Fiscal and balance-of-payments reliance on donor grants. The ratings on Mozambique reflect our view of its track record of largely good macroeconomic management, favorable growth prospects, a rapidly growing mining sector, strong donor support, and relative political stability. Close cooperation with the International Monetary Fund (IMF) and other international financial institutions has served as a policy anchor, helped manage the economy, and maintained aid flows. The...
Companies mentioned in this report are: Mozambique (Republic of)
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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