Mozambique wants to collaborate with Russia in shaping global financial framework
(MENAFN) Mozambique has signaled its willingness to collaborate with Russia in shaping a new global financial framework designed to stimulate economic progress both within the country and across the African continent.
The announcement came from Mozambique’s Minister of Planning and Development, Salim Vala, during a panel session titled ‘Business Dialogue Russia-Africa’ at the 28th St. Petersburg International Economic Forum (SPIEF) held on Thursday.
While pointing out Mozambique’s vast reserves of natural gas, rubies, gold, and coal, Vala emphasized that the nation's greatest resource is its people. He stressed the importance of fully unlocking the country’s economic potential to enhance the quality of life for its 33.4 million citizens.
“We have a 20-year strategy,” Vala stated, outlining the country’s intention to move beyond dependency on oil and gas. The government is prioritizing agricultural modernization and industrial growth. “We must work together with Russia, with other African countries, and with other developing nations to create a new financial architecture, to develop enterprises and the private sector.”
Vala also called for a change in the global narrative surrounding Africa. He advocated for an image of “an Africa that is more educated, healthier, an Africa with the human capital and technologies that can ensure prosperity for its people.”
He further stressed that meaningful collaboration with Russia and other African nations is crucial for developing the infrastructure needed to attract investment, create jobs, and alleviate poverty and inequality.
Earlier in June, similar sentiments were shared by Eugenio Alberto Macumbe, head of the Digital Governance Division at Mozambique’s Information and Communication Technology Regulatory Authority, who highlighted the strategic importance of Russia’s role in supporting development efforts.
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