1945

Mozambique operated as a planned economy from independence in 1975 until 1987, when President Joaquim Chissano started the transition to a market economy and initiated the political reforms that led to the General Peace Agreement. Initial reforms were supported by a structural adjustment programme with the World Bank and lending from the International Monetary Fund (IMF). Mozambique has continued to benefit from the strong support of the donor community ever since.

Related Subject(s): United Nations
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