{"id":16927,"date":"2022-03-29T14:17:16","date_gmt":"2022-03-29T14:17:16","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president"},"modified":"2022-03-29T14:35:57","modified_gmt":"2022-03-29T14:35:57","slug":"resumption-of-imf-financial-aid-great-gain-for-country-president","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president","title":{"rendered":"Resumption of IMF financial aid \u2018great gain\u2019 for country \u2013 president"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambique\u2019s president, Filipe Nyusi, has hailed as a \u201cgreat gain\u201d the resumption of financial assistance from the International Monetary Fund to the African country, which had been suspended since the so-called \u2018hidden debts\u2019 scandal broke in 2016.<\/p>\n

\u201cThis is a great gain for us: they already trust us,\u201d Nyusi told officials of his governing Frelimo party in the southern province of Inhambane, in audio released on Tuesday by his office.<\/p>\n

Mozambique\u2019s hidden debts scandal \u2013 involving upwards of $2 billion (\u20ac1.8 million) in loans taken out by public enterprises with state guarantees, all unbeknownst to parliament and the country\u2019s creditors \u2013 plunged the country into an unprecedented financial crisis.<\/p>\n

The head of state said that the agreement with the IMF foresees the disbursement of aid worth $470 million, the amount mentioned on Monday by the head of the IMF mission to Mozambique, \u00c1lvaro Piris.<\/p>\n

\u201cIt is a programme that will accelerate the economic recovery of Mozambique, particularly because of Covid-19, terrorism and natural disasters,\u201d stressed Nyusi.<\/p>\n

The instrument approved by the IMF is aimed at ensuring the rapid recovery of Mozambique\u2019s economy and is based on the promotion of good governance, the fight against corruption, macroeconomic stability and debt control, the president said, arguing that resumption of IMF assistance would encourage other of the country\u2019s partners to cooperate with it.<\/p>\n

\u201cNobody was giving us anything\u201d after the emergence of the hidden debts and \u201cI was known as the President of the country of thieves,\u201d said Nyusi.<\/p>\n

This is the first time that the IMF has provided finance to Mozambique since the hidden debts scandal broke in 2016. There has been only occasional aid initiatives following specific disasters, such as the Covid-19 pandemic and the 2019 cyclones, Kenneth and Idai.<\/p>\n

\u201cIn recent years Mozambique has been affected by a series of severe shocks that risk intensifying vulnerabilities and worsening socioeconomic conditions,\u201d said the IMF, citing in particular the rebel attacks in the north, which have displaced over 800,000 people and delayed the development of liquefied natural gas projects.<\/p>\n

The programme now unveiled aims to \u201cfocus on growth, fiscal sustainability and reforms in governance and public finance management, balancing financing with moderate adjustment that will rebuild fiscal space and reduce debt and financial vulnerabilities,\u201d it added.<\/p>\n

Among the reforms agreed at meetings led on Mozambique\u2019s side by the prime minister, Adriano Maleiane, the IMF highlighted \u201ca series of fiscal reforms and policy relative to VAT\u201d \u2013 valude-added tax \u2013 and stressed that \u201can important step will be the approval of a sovereign fund\u201d as well as the creation of a strong institutional framework for managing the revenue generated by the exploitation natural resources, with the initial focus on liquefied natural gas.<\/p>\n

Facebook Post click here<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Mozambique\u2019s president, Filipe Nyusi, has hailed as a \u201cgreat gain\u201d the resumption of financial assistance from the International Monetary Fund to the African country, which had been suspended since the so-called \u2018hidden debts\u2019 scandal broke in 2016. \u201cThis is a great gain for us: they already trust us,\u201d Nyusi told officials of […]<\/p>\n","protected":false},"author":84,"featured_media":16926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12,16],"tags":[233,281,283],"class_list":["post-16927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nResumption of IMF financial aid \u2018great gain\u2019 for country \u2013 president - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambique\u2019s president, Filipe Nyusi, has hailed as a \u201cgreat gain\u201d the resumption of financial assistance from the Inter ...\" \/>\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\/resumption-of-imf-financial-aid-great-gain-for-country-president\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Resumption of IMF financial aid \u2018great gain\u2019 for country \u2013 president\" \/>\n<meta property=\"og:description\" content=\"Mozambique\u2019s president, Filipe Nyusi, has hailed as a \u201cgreat gain\u201d the resumption of financial assistance from the Inter ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president\" \/>\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=\"2022-03-29T14:17:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-29T14:35:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62431936c07a8.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\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=\"2 minutes\" \/>\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\/resumption-of-imf-financial-aid-great-gain-for-country-president#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Resumption of IMF financial aid \u2018great gain\u2019 for country \u2013 president\",\"datePublished\":\"2022-03-29T14:17:16+00:00\",\"dateModified\":\"2022-03-29T14:35:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president\"},\"wordCount\":461,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62431936c07a8.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president\",\"name\":\"Resumption of IMF financial aid \u2018great gain\u2019 for country \u2013 president - Mozambique\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62431936c07a8.jpg\",\"datePublished\":\"2022-03-29T14:17:16+00:00\",\"dateModified\":\"2022-03-29T14:35:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Mozambique\u2019s president, Filipe Nyusi, has hailed as a \u201cgreat gain\u201d the resumption of financial assistance from the Inter ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62431936c07a8.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62431936c07a8.jpg\",\"width\":960,\"height\":640,\"caption\":\"Resumption of IMF financial aid \u2018great gain\u2019 for country \u2013 president\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mozambique\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Resumption of IMF financial aid \u2018great gain\u2019 for country \u2013 president\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/\",\"name\":\"Mozambique\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Resumption of IMF financial aid \u2018great gain\u2019 for country \u2013 president - Mozambique","description":"Mozambique\u2019s president, Filipe Nyusi, has hailed as a \u201cgreat gain\u201d the resumption of financial assistance from the Inter ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president","og_locale":"en_US","og_type":"article","og_title":"Resumption of IMF financial aid \u2018great gain\u2019 for country \u2013 president","og_description":"Mozambique\u2019s president, Filipe Nyusi, has hailed as a \u201cgreat gain\u201d the resumption of financial assistance from the Inter ...","og_url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president","og_site_name":"Mozambique","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-03-29T14:17:16+00:00","article_modified_time":"2022-03-29T14:35:57+00:00","og_image":[{"width":960,"height":640,"url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62431936c07a8.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Resumption of IMF financial aid \u2018great gain\u2019 for country \u2013 president","datePublished":"2022-03-29T14:17:16+00:00","dateModified":"2022-03-29T14:35:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president"},"wordCount":461,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62431936c07a8.jpg","keywords":["Africa Press","Africa Press-Mozambique","Mozambique"],"articleSection":["all news","head lines","homepage-english","policy","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president","url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president","name":"Resumption of IMF financial aid \u2018great gain\u2019 for country \u2013 president - Mozambique","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62431936c07a8.jpg","datePublished":"2022-03-29T14:17:16+00:00","dateModified":"2022-03-29T14:35:57+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Mozambique\u2019s president, Filipe Nyusi, has hailed as a \u201cgreat gain\u201d the resumption of financial assistance from the Inter ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president#primaryimage","url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62431936c07a8.jpg","contentUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62431936c07a8.jpg","width":960,"height":640,"caption":"Resumption of IMF financial aid \u2018great gain\u2019 for country \u2013 president"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/resumption-of-imf-financial-aid-great-gain-for-country-president#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mozambique\/"},{"@type":"ListItem","position":2,"name":"Resumption of IMF financial aid \u2018great gain\u2019 for country \u2013 president"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/mozambique\/#website","url":"https:\/\/www.africa-press.net\/mozambique\/","name":"Mozambique","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/16927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/comments?post=16927"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/16927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media\/16926"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media?parent=16927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/categories?post=16927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/tags?post=16927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}