The Mozambican government still has room to apply more exemptions to Value Added Tax (VAT) without this affecting the most vulnerable sections of society. "The government has made continued progress in the structural reforms that are part of the IMF-funded program," but believes there is more "room for eliminating VAT exemptions that...
Tag: International Monetary Fund (IMF)
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IMF recommends Mozambique to reduce wage bill
The mission of the International Monetary Fund (IMF) has recommended reducing the annual wage bill in Mozambique's state budget in order to safeguard fiscal and macro sustainability. Cited by O País, Pablo L. Murphy, from the IMF, encouraged the government to continue with reforms to this end in order to become compatible with...
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Buying a home in Portugal has become twice as expensive, warns the IMF
The International Monetary Fund (IMF) revealed today that real house prices in Portugal have doubled since 2015, and that their difference with rental prices has worsened since the pandemic. In a regional report on Europe, the International Monetary Fund (IMF) notes that real estate markets are showing increasing signs of overvaluation...
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South Africa's economy could stagnate this year
South Africa could see zero economic growth this year, the International Monetary Fund (IMF) warned on Wednesday, attributing this stagnation to the electricity crisis that has been causing regular cuts for months. In January, South Africa's central bank announced a Gross Domestic Product (GDP) growth forecast of...
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IMF: fragmentation could cost the global economy up to 7% of GDP
Less international risk-sharing (global economic fragmentation) can lead to greater macroeconomic volatility, more severe crises and greater pressure on national buffers, reads the text published by O Económico magazine quoting the International Monetary Fund (IMF). Severe fragmentation of the global economy after decades of increasing economic integration could reduce the...
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IMF encourages Mozambique to raise economic growth rates
The International Monetary Fund (IMF) congratulates the government's efforts for the resilience achieved in the global economic growth indices. The stability and fiscal prudence adopted by the executive, despite the impact of Undeclared Debts - Hidden Debts, cyclones IDAI and Keneth, and terrorism in Cabo Delgado, were the determining factors for the rise in the index,...
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Mozambique among fastest growing economies in Sub-Saharan Africa
Mozambique is in the ranking of countries with a favorable economic growth rate. According to projections by the International Monetary Fund (IMF), the Democratic Republic of Congo (DRC), Niger, Rwanda and South Sudan, the island nations of the Seychelles and Mauritius, should this year be the sub-Saharan African economies with the most...
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Government Hides IMF Technical Report
The International Monetary Fund (IMF) says that the Mozambican government has banned the release of the technical report on the outlines of the financial assistance, which is usually released when the program is presented. For observers in Maputo, this position comes as no surprise because, in recent times, the Mozambican government has shown a worsening lack of transparency. The head...
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Minister of Economy and Finance participates today in the annual meetings of the World Bank and IMF
The Minister of Economy and Finance is participating, starting today, Monday, in Washington, United States of America, in the annual meetings of the World Bank and the International Monetary Fund (IMF). According to a statement from the Ministry of Economy and Finance, Max Tonela is expected to participate in the meeting of the High Level Working Group on Architecture...
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FM suspends negotiations with Malawi on funding resumption
The International Monetary Fund (IMF) suspends negotiations with the government of Malawi for a possible resumption of financing to the country. At issue is the high levels of debt that the country has, associated with weakened economy, characterized by shortages of foreign currency, fuel, food. It should be noted that Malawi has an external debt of 3.44 billion...