Mozambique: Natural Resources Alone Will Not Guarantee Mozambique’s Development – World Bank

Maputo — The World Bank has warned that the abundance of natural resources will not on its own guarantee Mozambique’s economic development, meaning that the country’s economic prospect must be diversified.

According to Filipe Sissoko, World Bank’s Country Manager for Mozambique, who was speaking on Wednesday, in Maputo, at the International Conference on Inclusive and Sustainable Development, revenues from mineral resources and natural gas should be channeled into productive investments,…