Mozambican government says it has already completed 70% of its economic boost measures

The Mozambican government has implemented 70% of the Economic Acceleration Package (PAE) launched in 2022, but the necessary resources have already been mobilized to implement the remaining 30%, a source in the Ministry of Economy and Finance told Luse this Friday.

The PAE, consisting of 20 measures, was announced in August 2022 by Mozambican President Filipe Nyusi with the aim of restarting and stimulating the economy following negative internal and external factors, including the impact of the Covid-19 pandemic.

“The priorities for this year are focused on the least developed measures in 2023, more precisely on the 30% that remain to be implemented,” said Luse Joao Macaring, deputy coordinator of the Economic Reform Directorate of the Ministry of Economy and Finance.

The person in charge reported that regarding the measures that still need to be implemented, the preparation of a biofuel business plan, testing of production fields and testing of seed varieties have already advanced.

As part of this intervention, included in PAE Measure 10, it was agreed that the multinational company ENI would export bio-oil and the French TotalEnergies would produce biodiesel for consumption in its plants, “until this industry is structured.” in Mozambique, he said, responsible for it.

As part of this intervention, included in PAE Measure 10, it was agreed that the multinational company ENI would export bio-oil and the French TotalEnergies would produce biodiesel for consumption in its plants, “until this industry is structured.” in Mozambique, he said, responsible for it.

Regarding Measure 18, he continued, digital platforms have been developed that will ensure the interaction of justice administration institutions, including the Office of the Attorney General (PGR) and the National Criminal Investigation Service (Sernik).

“We have allocated resources to equip some justice institutions and have endorsed digitalization in a number of areas,” he stressed.

The Deputy Coordinator of the Reform Directorate of the Ministry of Economy and Finance said that the electronic platform Balcão de Atendimento Único (Ebau) has been restructured, giving the service functionality based on digitalization and online access.

“We have already created the conditions for commercial and industrial licensing,” emphasized Joao Macaring.

The official also said that public consultations have already advanced the issues of regulating the new Labor Law, approved last year, and approving documents on hiring domestic workers.

On the other hand, the recruitment of the management team of the Mutual Guarantee Fund has been completed, the management tools for this mechanism are being finalized, and all the transformation tools for the Insurance Supervisory Institute of Mozambique (ISSM) have already been developed. to become an authority in the industry, continued the coordinator of the Reform Office of the Ministry of Economy and Finance.

He also highlighted progress in the implementation of Measure 11, which relates to the modernization of logistics corridors, noting that the feasibility study for the establishment of a single border post between Mozambique and South Africa is nearing completion.

Regarding the PAE’s goals already achieved, Joao Macaring noted tax incentives, the approval of the new Labor Law, the increase in the list of countries with a visa-free regime for Mozambique and the introduction of an online visa mechanism.

Progress also includes government contracting for natural resource export supervision and control services to increase transparency in this area and increasing the transfer of natural resource revenues to communities from 2.75% to 10%. registered under PAE, Makaring added.