{"id":16918,"date":"2022-03-29T14:15:11","date_gmt":"2022-03-29T14:15:11","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-staff-agree-470-million-3-year-programme-for-mozambique"},"modified":"2022-03-29T14:34:15","modified_gmt":"2022-03-29T14:34:15","slug":"imf-staff-agree-470-million-3-year-programme-for-mozambique","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-staff-agree-470-million-3-year-programme-for-mozambique","title":{"rendered":"IMF staff agree $470 million, 3-year programme for Mozambique"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The International Monetary Fund and Mozambique have reached a staff-level agreement on a $470 million facility, the Fund said on Monday, in what would be the African nation\u2019s first programme since the global lender suspended support six years ago.<\/p>\n

In 2016, Mozambique unveiled hefty state-backed borrowing it had previously failed to disclose, in a $2-billion corruption scandal that prompted donors to cut off aid and sparked a currency collapse and debt crisis.<\/p>\n

A statement from the Fund said final approval for the three-year Extended Credit Facility was expected to come from IMF management \u201cin the coming weeks\u201d.<\/p>\n

\u201cIn recent years the Mozambican economy has been hit by a series of severe shocks that risk intensifying vulnerabilities and worsening socioeconomic conditions,\u201d the IMF said in a statement.<\/p>\n

It said the government\u2019s medium-term programme focused on economic growth, fiscal sustainability, and reforms in public financial management and governance.<\/p>\n

One of the world\u2019s most impoverished countries, Mozambique is still grappling with its hefty debt burden, as well as an Islamist insurgency and the impact of COVID-19, which led to its first economic contraction in three decades last year.<\/p>\n

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

Africa-Press – Mozambique. The International Monetary Fund and Mozambique have reached a staff-level agreement on a $470 million facility, the Fund said on Monday, in what would be the African nation\u2019s first programme since the global lender suspended support six years ago. In 2016, Mozambique unveiled hefty state-backed borrowing it had previously failed to disclose, […]<\/p>\n","protected":false},"author":84,"featured_media":16917,"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-16918","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":"\nIMF staff agree $470 million, 3-year programme for Mozambique - Mozambique<\/title>\n<meta name=\"description\" content=\"The International Monetary Fund and Mozambique have reached a staff-level agreement on a $470 million facility, the Fund ...\" \/>\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\/imf-staff-agree-470-million-3-year-programme-for-mozambique\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF staff agree $470 million, 3-year programme for Mozambique\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund and Mozambique have reached a staff-level agreement on a $470 million facility, the Fund ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-staff-agree-470-million-3-year-programme-for-mozambique\" \/>\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=\"2022-03-29T14:15:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-29T14:34:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-624318ce58e8f.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"404\" \/>\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\/imf-staff-agree-470-million-3-year-programme-for-mozambique#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-staff-agree-470-million-3-year-programme-for-mozambique\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF staff agree $470 million, 3-year programme for Mozambique\",\"datePublished\":\"2022-03-29T14:15:11+00:00\",\"dateModified\":\"2022-03-29T14:34:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-staff-agree-470-million-3-year-programme-for-mozambique\"},\"wordCount\":206,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-staff-agree-470-million-3-year-programme-for-mozambique#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-624318ce58e8f.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\/imf-staff-agree-470-million-3-year-programme-for-mozambique#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-staff-agree-470-million-3-year-programme-for-mozambique\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-staff-agree-470-million-3-year-programme-for-mozambique\",\"name\":\"IMF staff agree $470 million, 3-year programme for Mozambique - 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