Mozambique is above average for the Development Community (SADC) concerning the level of macroeconomic stability achieved in the variants of the public debt, fiscal deficit, inflation and interest rate differential and index agregado.Contudo, is below the average of countries such as Lesotho, Botswana, South Africa, Tanzania and Mauritius, according to results of an assessment of macroeconomic stability index for Mozambique conducted by the World Economic Forum of the World Bank (IBRD). The report of this institution on global competitiveness that has as one of the pillars for the assessment of global competitiveness level of macroeconomic stability, Mozambique has the level of 4.18 points above the SADC average of 0.23 point.
However, the IMF says it has completed a study carried out by the financial sector that is notorious increase in the number of banking institutions increased from five in 1995 to 18 in late 2011, as well as products and services offered by them , degree of financial intermediation and the level of monetization of the economy, measured by the ratio of money supply that includes all of Metical notes and coins outside the banking system and deposits of residents, both in national currency and in foreign currency, without the inclusion of government deposits and financial institutions on GDP. This variant has increased from 25.6% of GDP in 2000 to 42.7% (2011), a value close to the average of sub-Saharan Africa, which is 48.9% but well below the average of the SADC countries , which is 68.2%, and South Africa (88.4%). Bank credit to the economy as a percentage of GDP rose from 17.3% in 2000 to 29.1% (2010), "being yet still below the average of sub-Saharan Africa and SADC, which were 89, 5% and 45.8%, respectively, "said the joint document of the IMF and World Bank produced in 2011 on financial institutions in Mozambique.
However, the IMF says it has completed a study carried out by the financial sector that is notorious increase in the number of banking institutions increased from five in 1995 to 18 in late 2011, as well as products and services offered by them , degree of financial intermediation and the level of monetization of the economy, measured by the ratio of money supply that includes all of Metical notes and coins outside the banking system and deposits of residents, both in national currency and in foreign currency, without the inclusion of government deposits and financial institutions on GDP. This variant has increased from 25.6% of GDP in 2000 to 42.7% (2011), a value close to the average of sub-Saharan Africa, which is 48.9% but well below the average of the SADC countries , which is 68.2%, and South Africa (88.4%). Bank credit to the economy as a percentage of GDP rose from 17.3% in 2000 to 29.1% (2010), "being yet still below the average of sub-Saharan Africa and SADC, which were 89, 5% and 45.8%, respectively, "said the joint document of the IMF and World Bank produced in 2011 on financial institutions in Mozambique.
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