Mozambique - Investment Climate Assessment - 2009 : Sustaining and Broadening Growth

Mozambique - Investment Climate Assessment - 2009 : Sustaining and Broadening Growth

Mozambique's recent history is a rare example of a successful post-conflict recovery and economic takeoff. Emerging from decades of economic stagnation and decline, a consequence first of a failed socialist economic experience and then of a vi...

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Bibliographic Details
Main Author:	World Bank
Format:	Investment Climate Assessment (ICA)
Language:	English
Published:	World Bank 2012
Subjects:	ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO MARKETS ACTION PLAN AGRICULTURAL ACTIVITIES AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR APPLICATION PROCEDURES AUTOMATION BANK FEES BANK FINANCING BANKING SECTOR BANKING SERVICES BANKRUPTCY BANKS BORDER CROSSING BOTTLENECKS BRIBES BUSINESS ACTIVITY BUSINESS CLIMATE BUSINESS ENVIRONMENT BUSINESS INDICATORS BUSINESS OPERATION BUSINESS OPERATIONS BUSINESS ORGANIZATIONS BUSINESS REGISTRATION BUSINESS REGULATION BUSINESS REGULATIONS BUSINESSES CAPACITY BUILDING CAPITAL ACCOUNT CAPITAL GOODS CAPITAL INVESTMENTS CAPITAL REQUIREMENT COLLATERAL COLLATERAL REQUIREMENTS COMMERCE COMMODITIES COMMODITY COMMODITY PRICES COMPARATIVE ADVANTAGE COMPLIANCE COSTS CORRUPTION CPI CREDIT CONSTRAINED FIRMS CREDIT CONSTRAINT CREDIT CONSTRAINTS CREDIT INFORMATION CREDIT LINES CREDIT RISK CUSTOMS DEBTS DEPOSITS DEVELOPMENT ASSISTANCE DIESEL DIVERSIFICATION DRIVERS E-MAIL ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC REFORM ECONOMIC REFORMS EDUCATIONAL ATTAINMENT ELECTRICITY EMPIRICAL ANALYSIS EMPLOYEE EMPLOYMENT CREATION EMPLOYMENT GROWTH ENDOWMENTS ENTERPRISE DEVELOPMENT ENTERPRISE SECTOR ENTERPRISE SURVEY ENTERPRISE SURVEYS ENTREPRENEURS EQUIPMENT EXCHANGE OF INFORMATION EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT PERFORMANCE EXPORTER EXTERNAL FINANCE FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL SECTOR ASSESSMENT FINANCIAL SECTOR REFORM FINANCIAL SERVICES FINANCIAL SYSTEM FIRM PERFORMANCE FISCAL POLICIES FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN INVESTMENT FORESTRY FUELS GENDER GENDER DIFFERENCES GLOBAL COMPETITIVENESS GLOBAL MARKETS GREATER ACCESS GROSS DOMESTIC PRODUCT GROUP OF FIRMS GROWTH STRATEGY GUARANTEE SCHEMES HARDWARE HOLDINGS HUMAN CAPITAL INFLATION INFORMAL ECONOMY INFRASTRUCTURE COSTS INNOVATION INSPECTION INSPECTIONS INTELLECTUAL PROPERTY RIGHTS INTEREST RATE INTEREST RATES INTERNAL FUNDS INTERNATIONAL BANK INTERNATIONAL BANKS INTERNATIONAL COMPARISON INTERNATIONAL COMPARISONS INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL STANDARDS INVENTORY INVESTMENT BANK INVESTMENT CLIMATE INVESTMENT FINANCING JOB CREATION LABOR COSTS LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LEGAL REFORM LICENSE LICENSES LINES OF CREDIT LOAN LOAN SIZE LOCAL MARKET LOCOMOTIVE MACROECONOMIC POLICIES MANUFACTURING MEDIUM ENTERPRISE MEDIUM ENTERPRISES MICROENTERPRISES MINIMUM WAGE MONETARY FUND MONETARY POLICIES NETWORKS NEW BUSINESSES NEW TECHNOLOGIES ONE-STOP SHOPS OVERDRAFT PHYSICAL INFRASTRUCTURE POINT OF SALE POLICY MAKERS POLITICAL STABILITY PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PRIVATE SECTORS PRIVATIZATIONS PROCUREMENT PRODUCTIVITY GROWTH PROFIT MARGINS PROPERTY RIGHTS PROTECTION OF INTELLECTUAL PROPERTY PURCHASING POWER QUOTAS RAIL RAILROAD RAILROADS REFUGEES REGISTRY REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REMITTANCES RESERVE REQUIREMENTS RESULT RESULTS RETAINED EARNINGS ROAD ROADS SECURITY SERVICES SHADOW ECONOMY SMALL ENTERPRISES SMALL INVESTORS SOCIAL SECURITY SOCIOECONOMIC BACKGROUNDS SOURCES OF INCOME START-UP SUSTAINABLE GROWTH TARGETS TAX TAX RATES TAX REFORM TECHNICAL SKILLS TELECOM TELECOMMUNICATIONS TELEPHONE TOLL TRADE FACILITATION TRADE REGIMES TRANSIT TRANSPARENCY TRANSPORT TRANSPORT NETWORK TRANSPORT TAX TRANSPORTATION TRANSPORTATION INFRASTRUCTURE TRANSPORTATION SYSTEM TRAVEL COSTS TURNAROUND TIMES UNFAIR COMPETITION UNION URBAN AREAS USERS USES VALUE CHAIN VEHICLES VILLAGES WEALTH WEB WEB SITE WORKING CAPITAL WORLD TRADE
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100118010144 http://hdl.handle.net/10986/3158

Description
Summary:	Mozambique's recent history is a rare example of a successful post-conflict recovery and economic takeoff. Emerging from decades of economic stagnation and decline, a consequence first of a failed socialist economic experience and then of a vicious civil war that only ended in 1992, the country has achieved a commendable degree of political stability. This has been accompanied by prudent and stable economic policy continuity, as well as coordinated and ever more efficient use of substantial international aid. These factors have contributed to sustained economic growth that averaged 7.8 percent between 1992 and 2006. Furthermore, this growth has been 'pro-poor': increasing output has been accompanied by real and significant decreases in poverty levels, with the poverty headcount index declining from 69 percent in 1997 to 54 percent in 2003. Based on the enterprise survey results for Mozambique, this report assesses the main obstacles to achieving an investment climate that supports private sector growth and provides policy options for improving the business environment and increasing competitiveness with the goal of achieving sustained and broad-based growth. The focus is on microeconomic constraints and reforms where, according to a recent World Bank report, most of the challenges for sustainable growth are concentrated. Therefore, the analysis presented in this report should be of interest to policy makers, academics, non-governmental organizations and representatives of the private sector involved in the policy dialogue in the country. Improvements to the business environment and increased access to finance are the most critical aspects to firm growth in Mozambique identified in this report. Despite recent progress, the business environment for the Mozambican enterprise sector is still in many ways problematic. Based on econometric evidence as well as on business perceptions and quantitative data, this study indicates that while all aspects of the investment climate are important, reform priorities should focus on increasing access to finance and improving the business environment.

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