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The downgrades of countries due to the COVID-19 calls into question the procyclical approach of rating agencies – an approach in which bad news is simply piled on bad news, an on-going criticism against rating downgrades during crisis periods. 

Join us tomorrow.

International Credit Rating Agencies have been criticised for being aggressive and unfair against African countries, is the criticism justified?

🚨We are just a day away from the launch.
set your calendar reminders. Its happening tomorrow 29 Oct at 10:30am CAT.

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12 November 2018, Maputo, Mozambique – It is all systems go for the Mozambique Second Generation Review Process. Stakeholders including Youth, Development Partners, Government Officials, Opposition Parties and Trade Unions are on standby to engage in consultative meetings with the APRM Review Team.

This pronouncement was made last night by the Minister of Economy and Finance, Honorable Adriano Maleiane when delivering key note address at the Launch of the Country’s Second Review, in Raddisson Blu, Maputo.

‘Mozambique has gone to great lengths to create public awareness about this Review Mission to ensure meaningful and maximum civic participation. We therefore urge the people of this great country to adopt the spirit of cooperation and dedication to our APRM visitors”; said Honorable Maleina. He said the process has the blessing and full support of the President.

Mozambique is another APRM trailblazer in second generation review, after Kenya and Uganda. It is the only APRM Member State in the Southern Africa Region that is opening its doors to the review process for the second time.

“Our society is grappling with new challenges since our first country review in 2006. Issues facing our nation include the recent mineral resources boom, epidemic corruption, rampant poverty, youth unemployment and issues facing disable people. There is therefore no better time than now for Mozambique to re-subject itself to the APRM review process”; quipped the Chairperson of the National Governing Council, Prof. Lourenco de Rosario.

Among others, the second review aims to assist the Country to appraise to what extent the National Programme of Action (NPoA) is implemented and its continued relevance, on the basis of which a new NPOA with key actions will be proposed.

Addressing the launch, Lead APR Panel Member for Mozambique, Ambassador Omar Mona outlined what should be expected during the review process. She said the APRM Task Force comprises of experts drawn from African countries to validate information given in the Self-Assessment report.

“This review seeks to reinvigorate, rationalize and institutionalize the APRM in governance reforms in Mozambique. The process further objects to make the APRM Review process more relevant to citizens’ needs and align it with the Agenda 2063 priorities and goals”, said the Panel Member.

Amb. Mona also thanked the NGC Members who have worked tirelessly to produce the self-assessment report and acknowledged the support of the APRM Strategic Partners in this regard.

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