Assessment of the Legal and Regulatory Framework for Foreign Direct Investment : Mozambique
In more recent years, new investments reinforced the megaproject growth model. At present, it is envisaged that the country will experience unprecedented investments in the next 30 years. Realizing the full potential of large oil and gas investment...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/undefined/450931639457296665/Mozambique-Assessment-of-the-Legal-and-Regulatory-Framework-for-Foreign-Direct-Investment http://hdl.handle.net/10986/36750 |
| Summary: | In more recent years, new investments
reinforced the megaproject growth model. At present, it is
envisaged that the country will experience unprecedented
investments in the next 30 years. Realizing the full
potential of large oil and gas investments will require a
shift in Mozambique’s development strategy to date. Foreign
direct investment (FDI) is a critical source of finance in
Mozambique, supporting the country’s growth through the
development of megaprojects in extractives and
infrastructure. The strong focus on financing FDI through
debt instruments likely reflects the specificities of
megaprojects and the little confidence investors have in the
country’s investment climate. Given the impact the
Coronavirus disease 2019 (COVID-19) crisis has had on FDI in
Mozambique, the government should focus on putting the
foundations for investment competitiveness in place to
support a resilient recovery. FDI-related recovery support
also includes the promotion of links with megaprojects. This
report serves as a background paper to the country private
sector diagnostic of Mozambique. The report assesses the
legal and regulatory framework for FDI with a view to
formulate actionable recommendations for consideration by
the government. |
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