Africa-Press – Mozambique. A technical assistance mission from the International Monetary Fund (IMF) arrived in Maputo on Wednesday (18-10) for a two-week working visit aimed at analysing the latest macroeconomic developments in the country.
The information was released in Marrakesh, Morocco, over the weekend by Mozambique’s Deputy Minister of Economy and Finance, Amilcar Tivane, during a meeting between the Mozambican delegation and the director of the IMF’s African Department.
The newspaper reveals that the visit by IMF technicians ends on the 31st of this month and aims, essentially, to carry out the third review of the extended credit facility program for the period 2022-2025.
The IMF has for a year been granting financing of US$470 million to be invested by 2025.
In the last visit by the Fund’s delegation, the latest macroeconomic developments for 2022 and the prospects for the medium term were analysed. On the occasion, the Minister of Economy and Finance, Max Tonela, and the governor of the Bank of Mozambique, Rogério Zandamela, highlighted that the country was registering new advances in the main macroeconomic indicators, stressing that economic growth should accelerate in the medium term, with an average of 5.7% between 2022 and 2024.
The national director of Development Studies and Policies at the Ministry of Economy and Finance, Enilde Sarmento, recently said in Marrakesh that the Mozambican economy was on a recovery path.
In effect, real GDP growth is expected to reach 7% in 2023, against 5.1% in 2022, a trajectory that will continue in the short term with an average of 5% to 7% between 2024 and 2025.
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