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
Denmark–Mozambique relations Denmark–Mozambique relations Denmark–Mozambique relations refers to the current and historical relations between Denmark and Mozambique. Denmark has an embassy in Maputo, and Mozambique is represented in Denmark, through its embassy in Stockholm, Sweden with an honorary consulate in Copenhagen. Diplomatic relations were established on 26 June 1975, but relations date back to before Mozambique achieved independence. The Danish Institute for Human Rights has worked with Mozambique since 1997. In 2000, Denmark signed an agreement with Finance Minister Luisa Diogo about implementation of mechanisms. Danish bilateral development cooperation with Mozambique started in the 1970s, with an aid programme. The programme supported