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
People's Republic of Mozambique preceding independence, FRELIMO consolidated its presence in the south and in urban areas. This was done through the work of militant groups ("grupos dinamizadores" or "dynamic groups"), which also included Mozambicans of Portuguese origin. The period prior to independence was also marked by the settling of scores and public trials against members FRELIMO who had strayed from the FRELIMO party line. "Traitors," "reactionaries," and real or suspected agents of the U.S. Central Intelligence Agency or PIDE, the Portuguese security agency. The Central Committee of FRELIMO adopted the constitution of the People's Republic of Mozambique on June 20, which established that