Mozambique is set to have one of the best economic growth rates in sub-Saharan Africa, according to an International Monetary Fund (IMF) report. Growth is expected to reach 7% in 2015, though there are downside risks to this outlook due to declining commodity prices, the report states. Over the medium-term the IMF expects that Mozambique's rates of growth could average 8% over the 2016-19 period. “Mozambique’s plans to develop its oil and gas sector in the Rovuma basin could transform the country into the third largest liquefied natural gas (LNG) exporter in the world," according to the IMF.
