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<\/p>\nPhoto: Presidency<\/p>\n
The President of the Republic, Daniel Chapo, met on Saturday in Addis Ababa with renowned American economist Jeffrey Sachs who expressed his willingness to support the acceleration of the country\u2019s economic transformation and projected that Mozambique could become a developed economy within the next two and a half decades.<\/p>\n
The meeting took place on the sidelines of the 39th Ordinary Conference of Heads of State and Government of the African Union and focused on defining long-term development strategies, emphasising the transformation of natural resource potential into tangible benefits for the population.<\/p>\n
During the meeting, Jeffrey Sachs, also a professor at Columbia University and President of the UN Sustainable Development Solutions Network, expressed his admiration for the Mozambican government\u2019s vision.<\/p>\n
\u201cWe had an excellent meeting with His Excellency. I am very excited about his leadership. A large volume of investment is coming to Mozambique, which offers us the opportunity for very rapid economic progress,\u201d Sachs said.<\/p>\n
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Photo: Presidency<\/p>\n
The economist emphasised that the moment requires rigorous technical execution to ensure that foreign investment delivers real benefits to Mozambican citizens.<\/p>\n
\u201cThat is why I offered any necessary support, any technical assistance that is relevant to work with the President\u2019s team on a strategy that can significantly accelerate development in Mozambique,\u201d he added.<\/p>\n
Jeffrey Sachs also shared his optimism regarding the country\u2019s economic future:<\/p>\n
\u201cI believe that Mozambique, over the next 25 years, can become a developed economy, with very rapid growth of its Gross Domestic Product. The practical feasibility of this qualitative leap is, at present, within the country\u2019s reach.\u201d<\/p>\n
Among the topics discussed, strategic use of revenues from the natural gas sector to strengthen fundamental social pillars, such as education, was highlighted.<\/p>\n
\u201cThe development of natural gas projects will provide a major boost, but the revenue obtained can also be invested in quality education for all children,\u201d he said, underlining the importance of inclusive and sustainable growth.<\/p>\n
Sachs also stressed the need to invest in infrastructure, electrification, and logistics, as well as to create economic corridors that stimulate other productive sectors.<\/p>\n
\u201cThe construction of infrastructure, the expansion of electrification, and the development of economic corridors are essential to enhance other vital sectors of the economy,\u201d he said.<\/p>\n
A key point of the meeting was the potential of the economic corridor with South Africa, considered a strategic opportunity for the development of tourism and other business sectors.<\/p>\n
According to the economist, Mozambique\u2019s geographical position favours regional integration and can serve as a lever for growth in the services and hospitality sector.<\/p>\n
The meeting in Addis Ababa reinforces a relationship that began in July 2025, when Daniel Chapo and Jeffrey Sachs met in Seville in discussions focused on agriculture, youth, and tourism, within the framework of the presidential strategy to attract foreign direct investment and specialised technical knowledge.<\/p>\n
\u201cMozambique represents a very, very exciting economic prospect. There is much to be done, much to build, but the potential and practical feasibility of rapid development are, at present, within the country\u2019s reach,\u201d Sachs concluded.<\/p>\n
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Professor of Economics Jeffrey Sachs on US\u2019s economic activity in Africa. #AUSummit2026<\/a> #sabanews<\/a> pic.twitter.com\/UjUkNuhbDV<\/a><\/p>\n \u2014 Sophie Mokoena (@Sophie_Mokoena) February 14, 2026<\/a><\/p>\n Recebemos, em Adis Abeba, o Professor Jeffrey Sachs, l\u00edder da Rede de Solu\u00e7\u00f5es para o Desenvolvimento Sustent\u00e1vel e refer\u00eancia mundial em desenvolvimento sustent\u00e1vel, que manifestou total disponibilidade para apoiar tecnicamente a estrat\u00e9gia de transforma\u00e7\u00e3o econ\u00f3mica de\u2026 pic.twitter.com\/w3uPpdQGB8<\/a><\/p>\n \u2014 Presidente Daniel Chapo (@daniel_chapo24) February 14, 2026<\/a><\/p>\n Source: AIM Mo\u00e7ambique<\/a><\/p>\n