Economy of Mozambique the second international fibre (EASSy) in 2010. The lower cost of bandwidth has already started to trickle down to lower consumer prices in some service segments, while others have remained unchanged. The banking system collapsed after independence from Portugal in 1975. From an earlier position (in the 1980s) of central government control of the economy, Mozambique has initiated rapid reforms in recent years, accelerating the implementation of market-based economic policies, and committing to a policy of fiscal and monetary discipline. In 1995 the government introduced its medium-term economic growth, strategy which it continues to pursue. Since the late 1990s, both
Independence movements in Mozambique In April 1961 Adelino Gwambe travelled to Rabat to represent all three parties, UDENAMO, MANU and UNAMI, at the conference where FRAIN was disbanded and replaced by the "Confederação das Organizações Nacionalistas das Colónias Portuguesas" (CONCP). In June 1962, with encouragement from both the CONCP and Nyerere, UDENAMO, MANU, and UNAMI merged to form the Frente de Libertação de Moçambique (FRELIMO). At the first FRELIMO congress, at Dar es Salaam in late September 1962, Eduardo Mondlane was elected its President. After many years of FRELIMO's struggle, Mozambique become independent in 1975. Independence movements in Mozambique Groups interested in freeing Mozambique