Mozambique Infrastructure Report - Business Monitor International - Industry Reports

Mozambique Infrastructure Report

Mozambique Infrastructure Report - Business Monitor International - Industry Reports
Mozambique Infrastructure Report
Published Aug 27, 2016
34 pages — Published Aug 27, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

The International Monetary Fund s (IMF s) decision to suspend the second tranche of its USD---mn emergency loan to Mozambique following news the government had concealed USD-bn worth of debt from international creditors will hinder the government s ability to execute its planned infrastructure projects (see Hidden Debt Scandal: Key Implications , April --). Intended to help the country overcome its short-term challenges to achieve improved fiscal stability in ----, the withdrawal of the IMF funding will see the government have to alter its spending priorities, likely directing a greater proportion of its spending towards servicing its external debt burden rather than financing its planned road and social infrastructure projects. ...The International Monetary Fund s (IMF s) decision to suspend the second tranche of its USD---mn emergency loan to Mozambique following news the government had concealed USD-bn worth of debt from international creditors will hinder the government s ability to execute its planned infrastructure projects (see Hidden Debt Scandal: Key Implications , April --). Intended to help the country overcome its short-term challenges to achieve improved fiscal stability in ----, the withdrawal of the IMF funding will see the government have to alter its spending priorities, likely directing a greater proportion of its spending towards servicing its external debt burden rather than financing its planned road and social infrastructure projects. Budgetary spending has already come under pressure after an economically turbulent ----, which saw the metical lose almost one-third of its value against the US dollar. ...Private investment in these sectors is unlikely to be forthcoming, particularly in the wake of the credit downgrading by Fitch Ratings from B to CCC . Taking this into account, along with the weakened economic outlook in the wake of the debt scandal, we have downgraded our construction industry forecasts for ---- from -.- to -.- .

...Mozambique s proven gas reserves offer significant potential to boost the growth of the construction industry. The build of export facilities will drive industry expansion while the export of the commodity will provide the government with an additional revenue stream to funnel into infrastructure development. ...For the short term, the current weak commodities outlook is a major dampener on investor sentiment in the gas sector, resulting in project delays. Our long-term outlook for the construction industry is a cautious owing to significant downside risk to the development of the country s nascent gas industry and Mozambique s entry into the global liquefied natural gas (LNG) market by ----. While our Country Risk team expects the sector to remain largely unscathed in the wake of the hidden debt scandal, owing to the government s relatively minor stake in its developments (see Hidden Debt Scandal: Key Implications , April --), the health of the LNG market is a cause for ...Our long-term outlook for the construction industry is a cautious owing to significant downside risk to the development of the country s nascent gas industry and Mozambique s entry into the global liquefied natural gas (LNG) market by ----. While our Country Risk team expects the sector to remain largely unscathed in the wake of the hidden debt scandal, owing to the government s relatively minor stake in its developments (see Hidden Debt Scandal: Key Implications , April --), the health of the LNG market is a cause for

...Increased coal export capacity at the port of Beira will be undertaken by the New Coal Terminal Beira (NCTB), a joint venture between India-based Essar Ports and parastatal Portos e Caminhos de Ferro de Mocambique. Private investment into upgrading Mozambique s existing export facilities will support construction industry growth over the first half of our forecast period, with the country experiencing heightened demand for the commodity from Asian investors and Brazil-based mining firm Vale. ...

  
Source:
Document ID
2049-0399
Country
Industry
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Mozambique Infrastructure Report" Aug 27, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Mozambique-Infrastructure-Report-2026-1343>
  
APA:
Business Monitor International - Industry Reports. (2016). Mozambique Infrastructure Report Aug 27, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Mozambique-Infrastructure-Report-2026-1343>
  
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