Republic of Mozambique, is a country located in Southeastern Africa. The sovereign state is separated from the Comoros, Mayotte and Madagascar by the Mozambique Channel to the east. The capital and largest city of Mozambique is Maputo (known as Lourenço Marques from 1876 to 1976). Between the first and fifth centuries AD, Bantu-speaking peoples migrated to present-day Mozambique from farther north and west. Northern lies within the monsoon trade winds of the Indian Ocean.
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Economy:
It has developed since the end of the Mozambican Civil War (1977–1992). In 1987, the government embarked on a series of macroeconomic reforms, which were designed to stabilize the economy. These steps, combined with donor assistance and with political stability since the multi-party elections in 1994, have led to dramatic improvements in the country's growth rate. Inflation was brought to single digits during the late 1990s, although it returned to double digits in 2000–02
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mozambique
