Extensive damage to the road network by Cyclone Freddy, the world’s longest lived cyclone, has highlighted the need for infrastructural improvements.
World Bank
Network in poor state following suspension of foreign aid in wake of US$2 billion loan scandal involving Finance Minister, Manuel Chang.
Minister hopes to refinance via the World Bank, the African Development Bank, the French Development Agency or other sources.
Economy projected to expand in the coming year, driven by more manageable Covid-19 infections and a gradual rebound in private consumption.
Health and education sectors seen as key for the country’s long-development and fight against poverty.