{"id":17010,"date":"2022-03-30T14:42:09","date_gmt":"2022-03-30T14:42:09","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign"},"modified":"2022-03-30T14:49:12","modified_gmt":"2022-03-30T14:49:12","slug":"private-sector-considers-imf-assistance-positive-sign","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign","title":{"rendered":"Private sector considers IMF assistance \u2018positive sign\u2019"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Confederation of Economic Associations (CTA) of Mozambique, the country\u2019s largest employers\u2019 organisation, described the announcement of the resumption of financial assistance from the International Monetary Fund (IMF) as a \u201cpositive sign,\u201d on Tuesday noting that it creates \u201ca good outlook.<\/p>\n

\u201cFor us, the private sector, this is a positive sign and a good outlook for the financing of Mozambique\u2019s economy, including strengthening international reserves,\u201d said the vice president of the CTA, Prakash Prehlad, speaking at a press conference in reaction to the IMF announcement made on Monday.<\/p>\n

Prehlad said that the new financial assistance programme would promote sustainable and inclusive growth and long-term macroeconomic stability.<\/p>\n

\u201cInvestor confidence is starting to improve. There are still challenges to be addressed, namely the security component, the democratic rule of law and compliance with the law and legality, which will help minimise corruption,\u201d he emphasised.<\/p>\n

The CTA deputy chairman noted that the IMF had accepted the new financial assistance programme because it recognised \u201cthe Mozambican government\u2019s reforms to improve the transparency of management and rationalisation of public spending.<\/p>\n

Another critical factor, he said, was the hidden debts trial.<\/p>\n

On Monday, Mozambican President Filipe Nyusi called the resumption of IMF financial assistance to the country, suspended since discovering the so-called hidden debts, a \u201cgreat gain\u201d.<\/p>\n

\u201cThis is a great gain for us. They trust us,\u201d said Filipe Nyusi, speaking to members of the ruling Mozambique Liberation Front (Frelimo) in Inhambane province, southern Mozambique, in an audio message released today by the Presidency.<\/p>\n

The Mozambican head of state said that the agreement with the IMF provides for the disbursement of financial aid worth US$470 million (\u20ac428 million). This amount had been mentioned on Monday by the head of the mission of this institution 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 Filipe Nyusi.<\/p>\n

The instrument approved by the IMF provides for a rapid recovery of the Mozambican economy and is based on promoting good governance, combating corruption, macroeconomic stability and debt control, Nyusi added.<\/p>\n

The resumption of financial assistance, he continued, encourages Mozambique\u2019s other partners to cooperate with the African country, as the IMF acts as a beacon.<\/p>\n

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

This is the first time the Fund has financed Mozambique since the disclosure of the so-called hidden debts scandal in 2016, with only occasional financial aid being recorded following specific disasters, such as the Covid-19 pandemic or cyclones Kenneth and Idai in 2019.<\/p>\n

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

The programme aims to \u201cfocus on growth, fiscal sustainability and reforms in governance and public finance management, balancing financing with a moderate adjustment that will rebuild fiscal space and reduce debt and financial vulnerabilities,\u201d the IMF added.<\/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 Confederation of Economic Associations (CTA) of Mozambique, the country\u2019s largest employers\u2019 organisation, described the announcement of the resumption of financial assistance from the International Monetary Fund (IMF) as a \u201cpositive sign,\u201d on Tuesday noting that it creates \u201ca good outlook. \u201cFor us, the private sector, this is a positive sign and […]<\/p>\n","protected":false},"author":84,"featured_media":17009,"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-17010","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":"\nPrivate sector considers IMF assistance \u2018positive sign\u2019 - Mozambique<\/title>\n<meta name=\"description\" content=\"The Confederation of Economic Associations (CTA) of Mozambique, the country\u2019s largest employers\u2019 organisation, described ...\" \/>\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\/private-sector-considers-imf-assistance-positive-sign\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private sector considers IMF assistance \u2018positive sign\u2019\" \/>\n<meta property=\"og:description\" content=\"The Confederation of Economic Associations (CTA) of Mozambique, the country\u2019s largest employers\u2019 organisation, described ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign\" \/>\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=\"2022-03-30T14:42:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-30T14:49:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62446dd1f29d7.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"832\" \/>\n\t<meta property=\"og:image:height\" content=\"609\" \/>\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=\"3 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\/private-sector-considers-imf-assistance-positive-sign#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Private sector considers IMF assistance \u2018positive sign\u2019\",\"datePublished\":\"2022-03-30T14:42:09+00:00\",\"dateModified\":\"2022-03-30T14:49:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign\"},\"wordCount\":545,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62446dd1f29d7.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\/private-sector-considers-imf-assistance-positive-sign#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign\",\"name\":\"Private sector considers IMF assistance \u2018positive sign\u2019 - Mozambique\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62446dd1f29d7.jpg\",\"datePublished\":\"2022-03-30T14:42:09+00:00\",\"dateModified\":\"2022-03-30T14:49:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Confederation of Economic Associations (CTA) of Mozambique, the country\u2019s largest employers\u2019 organisation, described ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62446dd1f29d7.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62446dd1f29d7.jpg\",\"width\":832,\"height\":609,\"caption\":\"Private sector considers IMF assistance \u2018positive sign\u2019\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mozambique\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Private sector considers IMF assistance \u2018positive sign\u2019\"}]},{\"@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":"Private sector considers IMF assistance \u2018positive sign\u2019 - Mozambique","description":"The Confederation of Economic Associations (CTA) of Mozambique, the country\u2019s largest employers\u2019 organisation, described ...","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\/private-sector-considers-imf-assistance-positive-sign","og_locale":"en_US","og_type":"article","og_title":"Private sector considers IMF assistance \u2018positive sign\u2019","og_description":"The Confederation of Economic Associations (CTA) of Mozambique, the country\u2019s largest employers\u2019 organisation, described ...","og_url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign","og_site_name":"Mozambique","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-03-30T14:42:09+00:00","article_modified_time":"2022-03-30T14:49:12+00:00","og_image":[{"width":832,"height":609,"url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62446dd1f29d7.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Private sector considers IMF assistance \u2018positive sign\u2019","datePublished":"2022-03-30T14:42:09+00:00","dateModified":"2022-03-30T14:49:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign"},"wordCount":545,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62446dd1f29d7.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\/private-sector-considers-imf-assistance-positive-sign#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign","url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign","name":"Private sector considers IMF assistance \u2018positive sign\u2019 - Mozambique","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62446dd1f29d7.jpg","datePublished":"2022-03-30T14:42:09+00:00","dateModified":"2022-03-30T14:49:12+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Confederation of Economic Associations (CTA) of Mozambique, the country\u2019s largest employers\u2019 organisation, described ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign#primaryimage","url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62446dd1f29d7.jpg","contentUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-62446dd1f29d7.jpg","width":832,"height":609,"caption":"Private sector considers IMF assistance \u2018positive sign\u2019"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/private-sector-considers-imf-assistance-positive-sign#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mozambique\/"},{"@type":"ListItem","position":2,"name":"Private sector considers IMF assistance \u2018positive sign\u2019"}]},{"@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\/17010","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=17010"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/17010\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media\/17009"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media?parent=17010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/categories?post=17010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/tags?post=17010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}