{"id":13346,"date":"2022-02-03T15:23:29","date_gmt":"2022-02-03T15:23:29","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=13346"},"modified":"2022-02-03T15:15:43","modified_gmt":"2022-02-03T15:15:43","slug":"mozambique-country-could-have-new-imf-credit-facility-by-middle-of-year","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-country-could-have-new-imf-credit-facility-by-middle-of-year","title":{"rendered":"Mozambique: Country could have new IMF credit facility by middle of year"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambique may have a new programme with the International Monetary Fund (IMF) by the end of June if the meetings underway since Monday are successful, a source from the fund in Maputo told Lusa on Wednesday.<\/p>\n

\u201cIf the negotiations are successfully concluded in the coming weeks, we believe there could be an approval by the IMF Executive Board before the middle of the year,\u201d said an official source in response to questions posed by Lusa.<\/p>\n

\u00c1lvaro Piris is representing the IMF during the current mission to Maputo, which is taking place mainly in a virtual format, \u201chowever, with the continued support of the IMF representative office in Mozambique.<\/p>\n

As advanced on Tuesday, the aim is to \u201cnegotiate a new funding programme \u2013 ECF (Extended Credit Facility),\u201d the same source added, and \u201cthe agenda follows the needs for discussions and for now there is no specific date for completion.<\/p>\n

On the table and under discussion with Mozambique are \u201ca number of reforms planned in the areas of natural resource management, governance and improvements in public financial management.<\/p>\n

The IMF had announced in December that negotiations on an Extended Fund Programme would kick off at the end of January.<\/p>\n

\u201cA Fund-supported programme can help ease financial pressures in a context of economic recovery, support the authorities\u2019 agenda to reduce poverty and restore equitable and sustainable growth,\u201d it argued at the time.<\/p>\n

The IMF was one of the partners to suspend direct aid to Mozambique in 2016 following the discovery of the state\u2019s $2.7 billion (\u20ac2.4 billion) hidden debt scandal.<\/p>\n

Financial injections to government coffers resumed in the form of post-cyclone aid in 2019 and to address the pandemic in 2020.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Mozambique may have a new programme with the International Monetary Fund (IMF) by the end of June if the meetings underway since Monday are successful, a source from the fund in Maputo told Lusa on Wednesday. \u201cIf the negotiations are successfully concluded in the coming weeks, we believe there could be an […]<\/p>\n","protected":false},"author":84,"featured_media":13345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-13346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nMozambique: Country could have new IMF credit facility by middle of year - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambique may have a new programme with the International Monetary Fund (IMF) by the end of June if the meetings underw ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-country-could-have-new-imf-credit-facility-by-middle-of-year\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique: Country could have new IMF credit facility by middle of year\" \/>\n<meta property=\"og:description\" content=\"Mozambique may have a new programme with the International Monetary Fund (IMF) by the end of June if the meetings underw ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-country-could-have-new-imf-credit-facility-by-middle-of-year\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-03T15:23:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/02\/img-61fbf186291df.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"825\" \/>\n\t<meta property=\"og:image:height\" content=\"510\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-country-could-have-new-imf-credit-facility-by-middle-of-year#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-country-could-have-new-imf-credit-facility-by-middle-of-year\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique: Country could have new IMF credit facility by middle of year\",\"datePublished\":\"2022-02-03T15:23:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-country-could-have-new-imf-credit-facility-by-middle-of-year\"},\"wordCount\":297,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-country-could-have-new-imf-credit-facility-by-middle-of-year#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/02\/img-61fbf186291df.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-country-could-have-new-imf-credit-facility-by-middle-of-year#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-country-could-have-new-imf-credit-facility-by-middle-of-year\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-country-could-have-new-imf-credit-facility-by-middle-of-year\",\"name\":\"Mozambique: Country could have new IMF credit facility by middle of year - 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