Mozambique: Government to Transfer Every Year 32.9 Million Dollars to Sovereign Fund

Maputo — The Mozambican government plans to transfer an average of 2.1 billion meticais (32.9 million dollars, at the current exchange rate) to the country’s sovereign wealth fund every year until 2027, according to the Medium Term Fiscal Scenario (CFMP).

“With the implementation of the new Sovereign Fund law, it is planned to allocate an average of 49.4 million dollars to the State Budget during the period of this CFMP. Likewise, 32.9 million dollars, equivalent to 2,102.7 million meticais,…