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
Transport in Mozambique total of 30,400 km of highways, of which 5,685 km was paved. There are 3,750 km of navigable waterways. Seaports on the Indian Ocean coast include: the merchant marine fleet consisted of three cargo ships of 1,000 gt or over, totaling 4,125 gt/. Two of these were Belgian-owned ships registered in Mozambique as a flag of convenience. there were 158 airports in total, 22 of them having paved runways. The main airport in the country is Maputo International Airport, which is also the hub of Mozambique's flag carrier, LAM Mozambique Airlines. Transport in Mozambique Modes of transport in Mozambique include