According to the IMF in Mitt, Mozambique's macroeconomic outlook remains favorable. Economic growth is robust and inflation remains low. In spite of risks from the uncertain global outlook, growth is expected to be sustained in the medium term by the natural resource boom and infrastructure investment. Risks associated with the political/security environment moderated in early 2014, with general elections in late 2014. Completion of the new mining and hydrocarbon legislation, the related fiscal regimes, and implementing regulations will facilitate the development of Mozambique's natural resources (IMF, May 2014).