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International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

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

The Executive Board of the International Monetary Fund (IMF) completed the Third Review under Mozambique’s three-year Extended Credit Facility (ECF) arrangement

The IMF Executive Board completed the Third Review under the Extended Credit Facility (ECF) Arrangement for Mozambique, providing the country with access to SDR 45.44 million (about US$60.7 million); The three-year ECF arrangement aims to support Mozambique’s economic recovery and reduce public debt and financing vulnerabilities, while fostering higher and more…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

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

The monetary policy consultation clause (MPCC) band was breached at the lower bound, as inflation decelerated faster than expected

The Executive Board of the International Monetary Fund (IMF) completed the Second Review under the three-year ECF arrangement for Mozambique. This allows for the immediate disbursement of SDR 45.44 million (about US$ 60.6 million), usable for budget support, bringing Mozambique’s total disbursements under the ECF arrangement to SDR 159.04 million (about…

International Monetary Fund (IMF)
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…

International Monetary Fund (IMF)
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…

International Monetary Fund (IMF)
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…