The head of the International Monetary Fund (IMF) mission in Mozambique said yesterday that the Mozambican government had banned the release of the technical report on the outlines of the financial assistance, which is usually released when the program is presented. "The authorities have asked to make changes to the initial report, in a process that is provided for in the IMF's rules of procedure, but...
Tag: financial assistance
IMF approves 1st evaluation of Mozambique's financial aid program
The International Monetary Fund (IMF) announced yesterday the approval of the first evaluation of the financial assistance program in Mozambique, allowing the disbursement of nearly $64 million in December, subject to final board approval. "The IMF technical team and the Mozambican authorities have reached agreement on the policies that can sustain the...
AMECON advocates caution regarding resumption of IMF financial support to Mozambique
The Mozambican Association of Economists (AMECON) considers "a lesser evil" the resumption of financial assistance from the International Monetary Fund (IMF) to the country. However, the association believes that there must be "caution", since the financing from this entity will imply more debt. The IMF announced last month that it reached an agreement with Mozambique to...
IMF is in Mozambique for a five-day mission
A delegation from the International Monetary Fund (IMF) started today, in Mozambique, together with local officials, a five-day visit. According to Portuguese news agency Lusa, citing a source close to the government, the parties will take to the debate tables several issues of mutual interest The IMF delegation is headed by Álvaro Piris Chavarres and is expected to...