Human Rights and Social Development Risk Report - Mozambique
Maplecroft has published a Human Rights and Social Development Risk Report for Mozambique. The report analyses the overarching human rights and societal issues that are of critical importance for responsible business investment, and highlights areas for social investment in development.
After fifteen years of civil war that ended in 1992, Mozambique has made remarkable progress in establishing a democratic government. Today, the country is better governed and more stable than many other African nations. In addition, dramatic economic progress has taken place – attributable to Mozambique’s tremendous natural resources – resulting in GDP increasing at an annual average rate of 7.4% between 2002 and 2012. Added to this impressive growth is the fact that in 2012, four of the five largest oil and gas discoveries in the world were made off the coast of Mozambique. Given its strong economic track record, Mozambique is likely to remain one of the world’s fastest growing economies.
However, high rates of economic growth and greater political stability have failed to translate into equivalent gains for the population. Despite growth rates, poverty levels remain elevated. Over half of the population still lives on less than US$1.25 a day, and food insecurity is acute. If managed properly, this unprecedented economic growth and prosperity in Mozambique will provide opportunities for improved livelihoods for all Mozambicans. Conversely, if new resources do not benefit the majority of the population, incidents of social unrest could rise sharply, ultimately undermining Mozambique’s political stability.
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Jason McGeown, Head of Communications
Tel: +44 (0)1225 420000
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