UNITED NATIONS: MISSION REPORTS MOZAMBIQUE WILL NEED ABOUT 400 MILLION DOLLARS IN AID TO COMPENSATE FOR SANCTIONS AGAINST RHODESIA.
Record ID:
1061772
UNITED NATIONS: MISSION REPORTS MOZAMBIQUE WILL NEED ABOUT 400 MILLION DOLLARS IN AID TO COMPENSATE FOR SANCTIONS AGAINST RHODESIA.
- Title: UNITED NATIONS: MISSION REPORTS MOZAMBIQUE WILL NEED ABOUT 400 MILLION DOLLARS IN AID TO COMPENSATE FOR SANCTIONS AGAINST RHODESIA.
- Date: 7th May 1976
- Summary: 1. GV EXT U.N. Building. 0.18 2. SCU Mr. Abdulrahim Abby Farah speaking. 2.05 FARAH: "It is the view of the mission that the government of Mozambique will face a heavy loss as a result of applying sanctions in accordance with its international obligations. In the past, instead of depending on exports to pay for imports, Mozambique during the colonial period relied on the foreign exchange earned by the ports and railways from transit traffic. The application of sanctions will reduce these earnings by 65 million dollars and another 25 to 30 million dollars will be lost with the ending of transit airline operations and remittances from Mozambique workers working in southern Rhodesia. Thirdly it must be noted that Mozambique exported a number of products to southern Rhodesia and imported from southern Rhodesia many of its necessities. Exports to other markets will bring less revenue and it will cost more to import the necessities from other countries. The mission estimates that the trade balance will settle by about 16 million dollars. Now the major difficulty in the period ahead, will be for Mozambique to meet its balance of payments deficit, which will amount to between 175 and 200 million dollars annually for the next two years, and to pay for the emergency projects. the existing administration in Mozambique is already overburdened without having to face the other difficulties arising from the application of sanctions". Initials VS 20.15 VS 20.20 This film is serviced with part of the mission's report, presented by Mr. Farah. A transcript appears below:- Script is copyright Reuters Limited. All rights reserved
- Embargoed: 21st May 1976 13:00
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- Location: UNITED NATIONS
- Reuters ID: LVA8HV7D5RRVYVGR0N58OD7XD0K4
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