OECD Investment Policy Reviews.

Foreword
 Table of contents
 Preface by the Hon. Aiuba Cuerencia, Minister of Planning and Development, Government of Mozambique
 Preface by Mr Rintaro Tamaki, Deputy Secretary-General, OECD
 Acronyms and abbreviations
 Executive summary
 Chapter 1. Overview of investment policy challenges and recommendations for Mozambique
 1.1. Document summary
 1.2. Macroeconomic environment
 Trends and composition of growth since independence
 Figure 1.1. Annual percentage GDP growth in Mozambique, 1991-2012
 Figure 1.2. GDP per capita in Mozambique (current USD at PPP), 1991-2012. Figure 1.3. Mozambique GDP composition, 2012 (Quarter 1)Poverty reduction and the role of "mega-projects"
 Export composition and trade balance
 Figure 1.4. Composition of exports by mega-projects, 2011
 Figure 1.5. Export of goods and services, 1990-2011
 Figure 1.6. Current account balance (BoP), 1990-2012
 Figure 1.7. Net ODA received, % of gross national income, 1990-2010
 1.3. Investment policy context
 1.4. Investment trends
 Figure 1.8. Sectoral composition of FDI, 2011
 Figure 1.9. Net FDI inflows in Mozambique, 1990-2011. Figure 1.10. FDI inflows as a percentage of gross fixed capital formation, 1990-2011Figure 1.11. GFCF as a per cent of GDP, 1990-2011
 1.5. Central policy challenges
 The strategy of poverty-reduction via mega-projects has met with little success
 Insufficient investment policy safeguards
 Figure 1.12. CPI-approved FDI in terms of number of staff employed (outside of mega-projects), 1992-2010
 Prohibitive procedures for access to land
 Weak communication between public sector and investors
 Fiscal sustainability and desirability of investment incentives. Coherence and monitoring of investment policyInsufficient export diversification
 Weakly articulated infrastructure strategy
 Insufficiently coherent strategy for development of the energy sub-sector
 1.6. Investment policy options to prioritise
 Strengthen and clarify the legal framework for investment
 Improve access to land and judicial enforcement
 Streamline the institutional structure for investment policymaking, as well as for investment promotion and facilitation. Establish a mechanism for regular and systematic cost-benefit analysis of investment incentives, both for tax structures and accelerated economic zonesSupport effective implementation of a comprehensive export promotion strategy
 Balance domestic and strategic needs in infrastructure (and especially energy) development
 Encourage the growth of the renewable energy sector
 Strengthen the framework for private participation in infrastructure
 Increase competition in the power sector
 Better design concessions as well as regional infrastructure contracts.