{"id":22713,"date":"2022-07-11T12:34:45","date_gmt":"2022-07-11T12:34:45","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-mobilises-135m-in-subsidies-to-help-address-inflation"},"modified":"2022-07-11T12:45:11","modified_gmt":"2022-07-11T12:45:11","slug":"state-mobilises-135m-in-subsidies-to-help-address-inflation","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-mobilises-135m-in-subsidies-to-help-address-inflation","title":{"rendered":"State mobilises $135M in subsidies to help address inflation"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Mozambican government announced on Friday it had mobilised US$135 million (132.6 million euros) with the support of partners to provide subsidies to the public to help address the global inflation caused by the war in Ukraine.<\/p>\n

\u201cThe government has mobilised resources to ensure that there is stability in the prices of public transport, and has already mobilised US$50 million for this purpose,\u201d said Max Tonela.<\/p>\n

The Minister of Economy and Finance was speaking in Maputo at a press conference with Abebe Selassie, director of the African department of the International Monetary Fund (IMF), which is visiting Mozambique to assess the scenario and learn about the government\u2019s measures.<\/p>\n

Max Tonela for the first time attributed a figure to the \u201cpassenger subsidy\u201d that had already been announced a week ago by the Mozambican authorities, but about which details were awaited regarding application.<\/p>\n

\u201cEven if there are additional increases\u201d in the price of fuel, \u201cthe public in urban centres\u201d will be \u201cprotected, at least for the next six months,\u201d the minister said, with a view to the situation improving in the meantime \u2013 or rather, that oil will once again trade at under US$100 per barrel.<\/p>\n

The minister said today that the subsidy is being \u201cfine-tuned\u201d with the sector\u2019s association.<\/p>\n

\u201cIn addition, we have mobilised $85 million\u201d to \u201cfinance more disadvantaged families, increasing the numbers of households covered and the amount to be allocated\u201d under the State\u2019s social support, particularly in urban outskirts and rural areas.<\/p>\n

These measures are in addition to reformulations in the calculation of fuel prices, decided by the government since March to mitigate the three increases this year, Tonela noted, adding that other support may be discussed.<\/p>\n

Abebe Selassie acknowledged the difficulties, said the IMF may give extra financial help and gave a positive note to the announced measures.<\/p>\n

\u201cI think the direction Mozambique has been taking is right,\u201d Selassie said.<\/p>\n

The Fund approved on May 9 a new financing programme for the country \u2013 the first after the suspension caused in 2016 by the hidden debts scandal \u2013 worth $470 million (462 million euros) until 2025, with $91 million (89.45 million euros) made available immediately.<\/p>\n

\u201cWe recognise these challenges and stand ready to assist governments, including with additional funding\u201d around measures that can \u201ccushion the effects of this crisis on the most vulnerable,\u201d he noted.<\/p>\n

\u201cThis cost of living crisis affects the population in an amplified way here, because people have fewer resources and resilience to cope with such a shock,\u201d Selassie said.<\/p>\n

Abebe Selassie is visiting Mozambique \u201cto learn more about the situation in the country and to convey this to the management\u201d of the IMF.<\/p>\n

Since Thursday he has met with the country\u2019s president, prime minister and governor of the central bank.<\/p>\n

The visit comes after trips to Senegal and Chad.<\/p>\n

\u201cWhat I see are countries, ministers, governments having to make difficult decisions,\u201d he acknowledged, reiterating IMF support.<\/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 Mozambican government announced on Friday it had mobilised US$135 million (132.6 million euros) with the support of partners to provide subsidies to the public to help address the global inflation caused by the war in Ukraine. \u201cThe government has mobilised resources to ensure that there is stability in the prices of […]<\/p>\n","protected":false},"author":84,"featured_media":22712,"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-22713","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":"\nState mobilises $135M in subsidies to help address inflation - Mozambique<\/title>\n<meta name=\"description\" content=\"The Mozambican government announced on Friday it had mobilised US$135 million (132.6 million euros) with the support of ...\" \/>\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\/state-mobilises-135m-in-subsidies-to-help-address-inflation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State mobilises $135M in subsidies to help address inflation\" \/>\n<meta property=\"og:description\" content=\"The Mozambican government announced on Friday it had mobilised US$135 million (132.6 million euros) with the support of ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-mobilises-135m-in-subsidies-to-help-address-inflation\" \/>\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=\"2022-07-11T12:34:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-11T12:45:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/07\/postQueueImg_1-62cc1b1d40ea5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"830\" \/>\n\t<meta property=\"og:image:height\" content=\"494\" \/>\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\/state-mobilises-135m-in-subsidies-to-help-address-inflation#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-mobilises-135m-in-subsidies-to-help-address-inflation\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"State mobilises $135M in subsidies to help address inflation\",\"datePublished\":\"2022-07-11T12:34:45+00:00\",\"dateModified\":\"2022-07-11T12:45:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-mobilises-135m-in-subsidies-to-help-address-inflation\"},\"wordCount\":496,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-mobilises-135m-in-subsidies-to-help-address-inflation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/07\/postQueueImg_1-62cc1b1d40ea5.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\/state-mobilises-135m-in-subsidies-to-help-address-inflation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-mobilises-135m-in-subsidies-to-help-address-inflation\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-mobilises-135m-in-subsidies-to-help-address-inflation\",\"name\":\"State mobilises $135M in subsidies to help address inflation - 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