Mozambique, officially the Republic of Mozambique, is a country in Southeast Africa. The economy of Mozambique has developed since the end of the Mozambican Civil War (1977–1992), but the country is still one of the world's poorest and most underdeveloped. The resettlement of civil war refugees and successful economic reform have led to a high growth rate: the country enjoyed a remarkable recovery, achieving an average annual rate of economic growth of 8% between 1996 and 2006 and between 6%–7% from 2006 to 2011. Also, more than 1,200 state-owned enterprises (mostly small) have been privatised. Preparations for privatisation and/or sector liberalisation are underway for the remaining parastatal enterprises, including telecommunications, energy, ports, and railways.done