Countries with a low level of development should choose to take on "good debt" given investment needs in their already fragile economies, according to the Director of the Strategy, Policy and Analysis Department of the International Monetary Fund (IMF). Ceyla Pazarbasioglu considered that the main impediments in the development of these countries were, in recent times, the...
Tag: International Monetary Fund (IMF)
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IMF financial assistance cheers CTA
The recent announcement of financial assistance from the International Monetary Fund (IMF) is considered a "positive sign" by the Confederation of Mozambican Economic Associations - CTA. "For us it is a positive sign and a good perspective for the financing of Mozambique's economy, including the strengthening of international reserves," said the vice president of CTA, Prakash Prehlad....
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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...
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Mozambique is a star when it comes to hiding debts - World Bank
The lack of transparency in the management of Mozambique's public finances has led the World Bank (WB) to consider Mozambique a "case study" in its World Development Report, where it dedicates several pages also to the Hidden Debts. The WB recognizes that these debts have reduced the financial capacity of the country, leading to significant implications...
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South Africa's economic recovery will remain fragile - IMF
The International Monetary Fund (IMF) on Friday deemed that South Africa's economic recovery remains fragile and growth is expected to remain below 2% over the medium term due to political uncertainty, high public debt and investment constraints. "The economic recovery is considered fragile as it has been accompanied...
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IMF may finance Mozambique until mid 2022
The International Monetary Fund (IMF) may disburse financial support to Mozambique by mid-2022, perhaps at the end of the first half, according to assurances given Wednesday by a source from the fund in Mozambique. The source, cited by Portuguese news agency Lusa, said the possibility considering that the negotiations underway since the beginning of the week, in...
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World Bank and IMF divert venue for annual meeting
The World Bank (WB) and the International Monetary Fund (IMF) decided on Tuesday to hold their 2021 annual meeting in New York City in the United States of America. This is due to uncertainties over the evolution of the covid-19 pandemic in the Moroccan city of Marrakesh, where the meeting was to take place, in October. Thus, the...
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IMF revises growth for Sub-Saharan Africa downward by 2022
Growth forecasts for Sub-Saharan African economies are expected to be 0.1 percentage points this year and in 2023, according to the International Monetary Fund (IMF), which also predicts growth of 3.7 and 4.0 in those years, respectively. The World Economic Outlook report, presented on Tuesday in Washington, stresses that the economies of the...
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IMF recognizes Mozambique's good economic strategies
The International Monetary Fund (IMF) delegation that visited Mozambique this month expressed satisfaction with the economic management policies implemented in the country in an environment of strong jolts arising from covid-19. "The Mozambican economy is recovering from a sharp contraction after several years of economic shocks.... and it is, however, a modest recovery," said the...
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Mozambique has the third highest debt level in Sub-Saharan Africa
The International Monetary Fund (IMF) estimates that Mozambique's debt to international creditors will reach 133.6% of gross domestic product (GDP) this year, and with this it becomes the country with the third highest debt-to-GDP ratio in sub-Saharan Africa. According to sources that advance the information citing Bloomberg, Mozambique has waived the restructuring of the...