{"id":18138,"date":"2022-04-20T14:40:41","date_gmt":"2022-04-20T14:40:41","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-expects-imf-program-to-start-in-june-tonela"},"modified":"2022-04-20T14:54:28","modified_gmt":"2022-04-20T14:54:28","slug":"government-expects-imf-program-to-start-in-june-tonela","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-expects-imf-program-to-start-in-june-tonela","title":{"rendered":"Government expects IMF program to start in June \u2013 Tonela"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Minister of Economy and Finance of Mozambique, Max Tonela, said in Washington on Tuesday that he expects the country\u2019s new financial program with the International Monetary Fund (IMF) to start in June.<\/p>\n

\u201cWe hope that the agreement with the IMF will be approved by the [IMF] board of directors in May, and that the start of implementation of the program will take place in June,\u201d Minister Tonela said on the sidelines of the IMF and World Bank spring meetings in Washington, US.<\/p>\n

The expectation is in line with the schedule recommended by the IMF for the implementation of macroeconomic and structural reforms agreed with Maputo.<\/p>\n

The IMF announced on March 28 that it had reached staff-level agreement with authorities in Mozambique to implement a three-year program supported by an arrangement under the Extended Credit Facility (ECF) in the amount of about US$470 million (\u20ac428 million) for 2022-2025, disbursing financial aid to Mozambique for the first time since the revelations of the \u2018hidden debt\u2019 scandal.<\/p>\n

In addition to the IMF, Max Tonela yesterday also asked the World Bank for \u201cgreater support\u201d, without specifying amounts, but alluding to the \u201cmagnitude\u201d of the reforms that the country must undertake.<\/p>\n

\u201cWe would like to have more support from the World Bank in mobilising resources,\u201d Tonela said at a meeting with the institution\u2019s vice president for Eastern and Southern Africa, Hafez Ghanem.<\/p>\n

\u201cWe have faced several challenges, mainly resulting from shocks associated with climate change, Covid-19, terrorist actions in the north of the country [Cabo Delgado] and now the uncertainties generated by the conflict between Russia and Ukraine,\u201d the minister noted.<\/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 Minister of Economy and Finance of Mozambique, Max Tonela, said in Washington on Tuesday that he expects the country\u2019s new financial program with the International Monetary Fund (IMF) to start in June. \u201cWe hope that the agreement with the IMF will be approved by the [IMF] board of directors in May, […]<\/p>\n","protected":false},"author":84,"featured_media":18137,"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-18138","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":"\nGovernment expects IMF program to start in June \u2013 Tonela - Mozambique<\/title>\n<meta name=\"description\" content=\"The Minister of Economy and Finance of Mozambique, Max Tonela, said in Washington on Tuesday that he expects the country ...\" \/>\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\/government-expects-imf-program-to-start-in-june-tonela\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government expects IMF program to start in June \u2013 Tonela\" \/>\n<meta property=\"og:description\" content=\"The Minister of Economy and Finance of Mozambique, Max Tonela, said in Washington on Tuesday that he expects the country ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-expects-imf-program-to-start-in-june-tonela\" \/>\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=\"2022-04-20T14:40:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-20T14:54:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/04\/img-62601e8b921b8.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"729\" \/>\n\t<meta property=\"og:image:height\" content=\"445\" \/>\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\/government-expects-imf-program-to-start-in-june-tonela#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-expects-imf-program-to-start-in-june-tonela\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Government expects IMF program to start in June \u2013 Tonela\",\"datePublished\":\"2022-04-20T14:40:41+00:00\",\"dateModified\":\"2022-04-20T14:54:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-expects-imf-program-to-start-in-june-tonela\"},\"wordCount\":288,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-expects-imf-program-to-start-in-june-tonela#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/04\/img-62601e8b921b8.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\/government-expects-imf-program-to-start-in-june-tonela#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-expects-imf-program-to-start-in-june-tonela\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-expects-imf-program-to-start-in-june-tonela\",\"name\":\"Government expects IMF program to start in June \u2013 Tonela - 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