{"id":29788,"date":"2022-11-24T17:33:38","date_gmt":"2022-11-24T17:33:38","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=29788"},"modified":"2022-11-24T15:26:11","modified_gmt":"2022-11-24T15:26:11","slug":"imf-to-disburse-59-mln-to-mozambique-after-loan-review","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-to-disburse-59-mln-to-mozambique-after-loan-review","title":{"rendered":"IMF to disburse $59 mln to Mozambique after loan review"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The International Monetary Fund said its executive board on Monday completed its first review of Mozambique\u2019s three-year loan program, allowing for an immediate disbursement to Maputo of about $59.26 million.<\/p>\n

The review brings total disbursements under the $456 million Extended Credit Facility program approved in May to about $150 million to date, the IMF said.<\/p>\n

The IMF said Mozambique\u2019s implementation of the loan program\u2019s policy requirements was \u201cstrong,\u201d despite a challenging global environment that has pushed inflation into the double digits due to high food and fuel prices. It cited completion of government commitments in the areas of fiscal governance and anti-corruption.<\/p>\n

The IMF projected Mozambique\u2019s real GDP growth would accelerate to 5.0% in 2023 from a projected 3.8% in 2022 and 2.3% in 2021, driven by large liquefied natural gas project investments and a strong vaccination program that led to the full lifting of COVID-19 restrictions in July 2022.<\/p>\n

The first liquefied natural gas project in Mozambique started production this month and is expected to improve Mozambique\u2019s current account balance, the IMF said.<\/p>\n

\u201cProgram performance has been strong, with all quantitative targets and the structural benchmark met at end-June,\u201d IMF Deputy Managing Director Bo Li said in a statement.<\/p>\n

\u201cWhile the outlook remains positive, driven by large liquefied natural gas projects, significant risks remain, including from adverse climate events and fragile security situation.<\/p>\n

Governance weaknesses and debt vulnerabilities also pose challenges,\u201d Li said, adding Mozambique still needed donor support and continued governance capacity development.<\/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 International Monetary Fund said its executive board on Monday completed its first review of Mozambique\u2019s three-year loan program, allowing for an immediate disbursement to Maputo of about $59.26 million. The review brings total disbursements under the $456 million Extended Credit Facility program approved in May to about $150 million to date, […]<\/p>\n","protected":false},"author":84,"featured_media":29787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-29788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nIMF to disburse $59 mln to Mozambique after loan review - Mozambique<\/title>\n<meta name=\"description\" content=\"The International Monetary Fund said its executive board on Monday completed its first review of Mozambique\u2019s three-year ...\" \/>\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\/imf-to-disburse-59-mln-to-mozambique-after-loan-review\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF to disburse $59 mln to Mozambique after loan review\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund said its executive board on Monday completed its first review of Mozambique\u2019s three-year ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-to-disburse-59-mln-to-mozambique-after-loan-review\" \/>\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=\"2022-11-24T17:33:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/11\/postQueueImg_1669288404.21.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"825\" \/>\n\t<meta property=\"og:image:height\" content=\"510\" \/>\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\/imf-to-disburse-59-mln-to-mozambique-after-loan-review#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-to-disburse-59-mln-to-mozambique-after-loan-review\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF to disburse $59 mln to Mozambique after loan review\",\"datePublished\":\"2022-11-24T17:33:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-to-disburse-59-mln-to-mozambique-after-loan-review\"},\"wordCount\":261,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-to-disburse-59-mln-to-mozambique-after-loan-review#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/11\/postQueueImg_1669288404.21.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-to-disburse-59-mln-to-mozambique-after-loan-review#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-to-disburse-59-mln-to-mozambique-after-loan-review\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-to-disburse-59-mln-to-mozambique-after-loan-review\",\"name\":\"IMF to disburse $59 mln to Mozambique after loan review - 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