{"id":20224,"date":"2022-05-28T15:59:59","date_gmt":"2022-05-28T15:59:59","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-program-will-hurt-a-little"},"modified":"2022-05-28T16:06:23","modified_gmt":"2022-05-28T16:06:23","slug":"imf-program-will-hurt-a-little","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-program-will-hurt-a-little","title":{"rendered":"IMF program \u201cwill hurt a little\u201d"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>Mozambique\u2019s President Filipe Nyusi said yesterday that the new International Monetary Fund (IMF) financial program will lead to adjustments in the country\u2019s management that could \u201churt a little\u201d.<\/p>\n<p>\u201cIt will hurt a little, but something needs to be done\u201d instead of \u201cwaiting\u201d, said the head of state on the sidelines of an official visit to Ghana, in statements broadcast by Mozambican television STV.<\/p>\n<p>\u201cIf we keep waiting, we will eat everything today and tomorrow we will have nothing to eat. So it\u2019s better to eat in an organised way so we can resist longer,\u201d he said, illustrating the strategy of rationalisation of resources that he said was the basis of the agreement.<\/p>\n<p>\u201cThe IMF, when it returns, returns with measures that require financial discipline and some measures will hurt,\u201d Nyusi reiterated, while referring details to a future opportunity \u201cto communicate to the nation\u201d.<\/p>\n<p>\u201cWe will have to tighten some measures, not to make the Mozambican people suffer, but to see if we are able to empower\u201d the country, he said.<\/p>\n<p>According to Nyusi, the new program requires Mozambique to make adjustments at the time of investing. \u201cInstead of buying ten houses, you buy three,\u201d he explained, and with the funds \u201cfrom the other seven, it is possible to build one more school\u201d or \u201cincrease the quality of the health service\u201d.<\/p>\n<p>The head of state says that the path involves promoting \u201cmore work, financial discipline, honesty\u201d. \u201cSome measures are already being taken, such as the fight against corruption,\u201d he stressed.<\/p>\n<p>Nyusi said it was necessary to \u201cavoid mistakes made that would have us put out\u201d of the IMF\u2019s support programs.<\/p>\n<p>Alexis Meyer-Cirkel, IMF representative in Mozambique, said on Saturday in an interview with Lusa that he believes in the reforms being carried out in the country, which had led to the approval of the financing agreement worth US$470 million (\u20ac445 million) to be applied through to 2025.<\/p>\n<p>Meyer-Cirkel said the commitments do not require a tax hike or other austerity to fill the state\u2019s coffers. \u201cThere is no tax increase,\u201d he said. \u201cThe idea is to expand the tax base and even lower levels in the margin of some rates,\u201d in order to promote growth after a series of historical shocks, including the \u2018hidden debts\u2019, cyclones, Covid-19 and the armed attacks in the north.<\/p>\n<p>Details of the IMF program should be published before the end of the month, Meyer-Cirkel concluded.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. Mozambique\u2019s President Filipe Nyusi said yesterday that the new International Monetary Fund (IMF) financial program will lead to adjustments in the country\u2019s management that could \u201churt a little\u201d. \u201cIt will hurt a little, but something needs to be done\u201d instead of \u201cwaiting\u201d, said the head of state on the sidelines of an [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":20223,"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-20224","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":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IMF program \u201cwill hurt a little\u201d - 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