Prospects subsequently improved, and with its solid economic performance in 1996-97, Mozambique has begun to exploit its sizable agricultural, hydropower, and transportation resources. Foreign assistance programs help supply the foreign exchange required to support the budget and pay for imports of goods and services. The Mozambique and South African Governments are developing the Maputo corridor, linking the port of Maputo with Witbank, South Africa. In the past few years, more than 700 state enterprises have been privatized, including the country's largest commercial bank and a number of sizable manufacturing firms. Other pending reform measures are the reform of tax collection and the facilitation of private enterprise in the transportation, energy, and telecommunications sectors.
All information is subject to change at any time.
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