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Mozambique Faces Fight for Credibility, New Central Banker Says

Mozambique has a lot of work ahead to restore its reputation in international markets, newly installed central bank Governor Rogerio Zandamela said.

The country’s economic crisis “requires giant effort of all of us, not only the central bank, the whole society requires hard work, enormous sacrifices in order to restore and regain our international credibility and at the same time recover the confidence in the Mozambican economy,” Zandamela told reporters late Thursday in the capital, Maputo, hours after he took office.