Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Concludes the First Review under the Extended Credit Facility Arrangement for the Republic of Mozambique

The Board also completed the financing assurances review and approved the authorities’ request for modification of conditionality

The IMF Executive Board completed the first review under the Extended Credit Facility (ECF) arrangement for Mozambique, providing the country with access to SDR 45.44 million (about US$59.26 million); The three-year ECF arrangement aims to support the economic recovery, reduce public debt and financing vulnerabilities, and foster higher and more…

Source: International Monetary Fund (IMF) |

Statement at the End of an IMF Staff Visit to Mozambique

The Mozambican economy is recovering from a sharp contraction, following several years of economic shocks

An International Monetary Fund (IMF) staff team led by Mr. Alvaro Piris conducted discussions virtually in the context of the 2021 Article IV Consultation with Mozambique ending on December 16, 2021. At the end of the mission, Mr. Piris issued the following statement: “The Mozambican economy is recovering from a…

Source: International Monetary Fund (IMF) |

Statement by International Monetary Fund (IMF) Deputy Managing Director Tao Zhang at the Conclusion of His Visit to Mozambique

The IMF stands ready to further strengthen its collaboration with the Mozambican authorities and help advance their reform agenda

Mr. Tao Zhang, Deputy Managing Director of the International Monetary Fund (IMF), visited Mozambique during February 8­-11. At the conclusion of his visit, Mr. Zhang made the following statement: “It was a great privilege to visit Mozambique for the first time and learn firsthand of the opportunities and challenges facing…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Concludes Visit to Mozambique

The outlook for 2020 is for a strong rebound in economic activity and low inflation

An International Monetary Fund (IMF) staff team led by Ricardo Velloso visited Maputo during November 6–12, 2019, to take stock of recent economic developments and update macroeconomic projections. At the end of the mission, Mr. Velloso issued the following statement: “As a result of Tropical Cyclones Idai and Kenneth, real…

Source: International Monetary Fund (IMF) |

The Republic of Mozambique Implements the International Monetary Fund’s Enhanced General Data Dissemination System

The Enhanced General Data Dissemination System (e-GDDS) was established by the IMF’s Executive Board in May 2015 to support improved data transparency, encourage statistical development

The Republic of Mozambique has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary Data Page (NSDP). The page aims to serve as a one-stop publication vehicle for essential macroeconomic data on the national accounts, government operations and debt,…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Approves US$118.2 Million Rapid Credit Facility Assistance to the Republic of Mozambique in the Wake of Cyclone Idai

The financial assistance is intended to address large budgetary and external financing gaps arising from reconstruction needs after Cyclone Idai

The financial assistance is intended to address large budgetary and external financing gaps arising from reconstruction needs after Cyclone Idai, which caused significant loss of life and infrastructure damage; The authorities remain committed to macroeconomic stability, which will also be underpinned by the IMF’s financing. The Executive Board of the…

Source: International Monetary Fund (IMF) |

IMF Staff Completes 2019 Article IV Consultation Mission to Mozambique

Despite the likely adverse macroeconomic effects of Cyclone Idai in 2019, which are still being analyzed, the outlook is for a recovery in economic activity over the medium-term

While it is still early to precisely assess the macroeconomic effects of Cyclone Idai and reconstruction costs, these will be very significant; Despite the likely adverse macroeconomic effects of Cyclone Idai in 2019, which are still being analyzed, the outlook is for a recovery in economic activity over the medium-term;…

Source: International Monetary Fund (IMF) |

International Monetary Fund Staff Concludes Visit to Mozambique

An International Monetary Fund (IMF) staff team led by Ricardo Velloso visited Maputo during July 25–August 3, 2018

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a…

Source: International Monetary Fund (IMF) |

Peer-Learning Event on Gender Equality

Over the past two decades, Rwanda has emerged as a leader in advancing gender equality and is ranked among the top performing countries for women’s economic and political representation globally

The International Monetary Fund (IMF), the Rwanda Ministry of Gender and Family Promotion (MIGEPROF), UN Women and Uongozi Institute convened a peer learning event on gender equality in Kigali, Rwanda, November 2 to 4. The workshop aimed at: disseminating best-practices in promoting gender equality beyond the dissemination of theoretical approaches;…

Source: International Monetary Fund (IMF) |

IMF Staff Concludes Visit to Mozambique

Growth declined to 3.8 percent in 2016 and is now projected to edge up to 4.7 percent in 2017, mainly on account of a surge in coal production and exports

Performance in some sectors of the economy has improved since the latter part of 2016. Growth declined to 3.8 percent in 2016 and is now projected to edge up to 4.7 percent in 2017. Publication of the detailed summary of the Kroll audit report is welcomed; more needs to be…