Thursday, 27 January 2011

Another call to renegotiate mega-projects & support farms

The well known economist Jeffrey Sachs, speaking in Maputo 13 January, joined the growing chorus calling on the government to renegotiate the contracts of the mining and energy mega-projects to extract more revenue. It is necessary to change to rules, to extract more gains for Mozambique, he said, and cited the example of Israel which successfully renegotiated a contract for the export of natural gas to increase its revenue.

He also called for more support for agriculture, including subsidies, and for guaranteeing rural communities access to fertiliser and markets

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