November 13, 2019 / 9:01 AM / a month ago

Mozambique GDP growth seen at 5.5% in 2020 -IMF

MAPUTO, Nov 13 (Reuters) - Mozambique’s economic growth rate will hit 5.5% in 2020, the International Monetary Fund forecast on Wednesday, saying the southern African nation will benefit from factors including reconstruction efforts following two devastating cyclones.

Gradual fiscal consolidation and success in the government’s bid to get additional debt relief from private creditors however remain critical for public debt stability, the fund said in a statement.

Reporting by Manuel Mucari; Writing by Emma Rumney; editing by John Stonestreet

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