Ernesto Gouveia Gove: Reinforcement of "South-South" cooperation
Statement by Mr Ernesto Gouveia Gove, Governor of the Central Bank of Mozambique, at
the business function organised by the High Commissioner of the Republic of South Africa
on the occasion of Nelson Mandela's Day, Maputo, 21 July 2010.
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The Governor of the Banco de Moçambique, Mr. Ernesto Gouveia Gove, defended last
Sunday, July 18, the reinforcement of "south-south" cooperation in order to minimize, in
future, the access problems to international markets and the volatility of their prices. The
Governor's statement as regards the issue was made during the business function organized
by the High Commissioner of the Republic of South Africa, in Maputo, on the occasion of
Nelson Mandela's Day.
The function, which had the presence of Mozambican and South African businessmen and
Members of the Parliament of that country responsible for economic matters, served to
increase synergies between the business sectors of both countries.
- This meeting occurs in a moment when the recovery signs of the
global economic activity have began to be strong worldwide, after
years of major economic and financial crisis, whose effects in
countries like ours had a strong impact on external sector,
particularly through decline of export revenues as a result of the fall
of international prices of almost all the exporting products - said the
Governor.
In his point of view, the integration process underway in our countries, considering the
existing investment opportunities, can contribute to the success of the fight against poverty
and underdevelopment.
According to the Governor, the Southern Africa needs to be united in order to eliminate
information asymmetries.
- We need to share our vast experiences and to speak about what
each one can do or offer to develop our countries. We need to give
content and frame to the process of regional integration underway,
implementing the strategic plan that already exists and undertaking
the common and integrated projects, particularly the cross-border
projects that can boost the regional trade - stressed the Governor.
In this context, Mr. Ernesto Gove considers that the SADC member country authorities
should proceed with institutional and macroeconomic reforms that allow the attraction of
more investments to the region. It is also strongly recommended to deepen the financial
sector so that it can develop a modern and strong capital market to fulfill the existing
financing gap in so crucial infrastructure projects of the region.