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2011-2015 - Mozambique - Country Strategy Paper
From 1993 to 2009 Mozambique was the fastest growing non-oil economy in Sub-Saharan Africa, with growth averaging 7.5% per year. Growth drivers were based on large inflows of Foreign Direct Investment (FDI) mostly linked to natural resources exploitation, Official Development Assistance (ODA), and agriculture. Despite this progress, the country still faces severe constraints, namely: lack of economic diversification, weak institutions, high costs of financing and weak infrastructure development that hinders private sector competitiveness, in particular, the Small and Medium Enterprises (SMEs).