Mozambique Increases Minimum Wages in Spite of IMF Warning

By News Editor 3 years ago

Despite the IMF’s advice to Mozambique urging it to limit its wage bill as it maneuvers its way through a debt crisis. Labor Minister, Vitoria Diogo announced that wages for public workers were set to rise by 21%, just slightly less than the inflation rate of 21.57%. Falling prices for coal and aluminum, their two biggest exports, have contributed to slower economic growth for Mozambique.

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