The World Bank is considering providing $300 million in direct support to the Mozambican state budget, six years after the model was suspended by international partners, the entity's representative in the country announced. "We are talking about a first installment of 300 million dollars, which we hope will be approved by our administration...
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April 22, 2022April 29, 2022Economy
"Resumption of IMF support strengthens Mozambique's confidence levels with partners" -Max Tonela
The Minister of Economy and Finance, says that the agreement reached with the International Monetary Fund (IMF), for the resumption of financing to the General State Budget, will strengthen the levels of confidence of the country, with international partners. This agreement aims at the implementation of a macro-economic reform program...
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"Regaining international trust depends on fighting corruption in Mozambique"
The Mozambican government must step up the fight against corruption and strengthen accountability mechanisms in order to regain the confidence of international partners, including the International Monetary Fund (IMF), which suspended support for the state budget because of hidden debts