Mozambique’s economic growth ticks up to 3.7 percent in Q3: stats agency

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Fishing boats sit beneath the skyline of Mozambique's capital Maputo, April 15, 2016. REUTERS/Grant Lee Neuenburg/File Photo
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MAPUTO (Reuters) – Mozambique’s economic growth quickened to 3.7 percent in the third quarter of 2016 compared to a revised 3.4 percent in the second quarter, the National Statistics Institute said on Monday.

The southern African nation’s economy is in the midst of a crisis after the International Monetary Fund (IMF) and other global lenders cancelled funding after the emergence of more than $2 billion in loans that were not approved by parliament.

(Writing by Mfuneko Toyana; Editing by Ed Stoddard)

 

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