International Reserves in Mozambique

Mozambique International Reserves | Economic News & Forecasts

Mozambique - International Reserves

While still struggling to deal with the impact of Cyclone Idai that struck in late-March, Mozambique was slammed by yet another storm, Cyclone Kenneth, just six weeks later. This has only exacerbated the humanitarian emergency, posing an immense challenge for reconstruction efforts ahead, which are reportedly set to cost around USD 3.2 billion. For their part, the IMF approved emergency financial assistance worth about USD 118 million, while the World Bank announced it will provide USD 350 million to help the government respond to the disaster. On the economic front, activity lost pace, on average, in January–February compared to Q4 2018. This, coupled with tumbling business confidence in March and in light of the damage created by Cyclone Idai that same month, indicates the economy is set for a weak first quarter.

Mozambique - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)3.0  2.9  2.2  1.7  3.1  

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Mozambique International Reserves Chart

Mozambique International Reserves
Note: International reserves, months of imports
Source: Bank of Mozambique

Mozambique Facts

Exchange Rate62.000.48 %Jun 14
Stock Market0.10.0 %Jun 14

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