Data published in the week ended by the Bank of Mozambique on the Balance of Payments and International Investment Position indicate that, from April to last June, the joint current account balance (CC) and capital stood at USD 2.151 million, which represents an improvement of around 0.5 percent compared to the same period in 2020. For the Central Bank, this result was due to the 2.2 percent reduction in the CC deficit to USD 2,177.9 million, as well as the surplus balance of the capital account, by 58.9 percent to USD 26.8 million, the latter explained by the decrease in external aid to the country. The slowing down of the CC deficit is essentially justified by the improvement in the partial goods account deficit, by 7.8 percent (determined by the 26.4 percent increase in export revenues) and by the increase in secondary income (28.9 percent), in view of the worsening of deficits in the partial accounts of services and primary income, by 10.5 percent and 16.0 percent, respectively. “In turn, data from the financial account point to the net inflow of financial resources into the Mozambican economy, in the order of USD 1.963.5 million, 1.6 percent less than in the same period of 2020, justified by the decrease, in 68.6 percent, in the flow from another investment, to USD 387.0 million, in a scenario in which foreign direct investment grew by more than 100 percent, to USD 1,555,2 million, thus presenting itself as the main source of funding in the period” , refers to the report of the Central Bank. (Letter) Source: Mozambican Letter
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