{"id":42712,"date":"2023-07-15T18:40:42","date_gmt":"2023-07-15T18:40:42","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry"},"modified":"2023-07-15T19:16:49","modified_gmt":"2023-07-15T19:16:49","slug":"imf-approval-of-second-ecf-review-shows-country-on-track-ministry","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry","title":{"rendered":"IMF approval of second ECF review shows country on track \u2013 ministry"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambique\u2019s Ministry of Economy and Finance said on Friday that the approval by the International Monetary Fund (IMF) of the second review of its Extended Credit Facility (ECF) for the country is a demonstration that it is \u201con a good path.\u201d<\/p>\n

On Thursday the IMF approved the second review of the ECF for Mozambique, ensuring a disbursement of $60.6 million (\u20ac55.3 million), and revised its forecast for growth in gross domestic product this year to 7% from the previous 5%.<\/p>\n

The measure \u201cmeans that the country\u2019s economy is on a good path,\u201d the national director for economy and development at Mozambique\u2019s Ministry of Economy and Finance, Enilde Sarmento, in comments to Lusa on the IMF\u2019s announcement.<\/p>\n

\u201cIt means that the IMF looks favourably on the government\u2019s programme, the measures and reforms that the government has been implementing to achieve the ultimate development of inclusive economic growth and macroeconomic stability,\u201d Sarmento emphasised.<\/p>\n

The decision, she said, was also a good sign in terms of global financial markets, for investors to view Mozambique with optimism.<\/p>\n

In the announcement, the IMF said that \u201cin light of the mixed programme results, the authorities [in Mozambique] have taken substantial steps to resolutely address macroeconomic challenges and keep the programme on track, particularly with regard to reducing the wage bill and aligning the fiscal outlook with the programme objectives.\u201d<\/p>\n

In the note accompanying the announcement of its approval of the second review of the programme approved in May 2022, which now brings the total amount already received by Mozambique to $212.09 million (\u20ac194 million) out of a total of $456 million (\u20ac418 million), the IMF said that it had allowed for non-compliance with two criteria: the primary budget balance at the end of last year and the accumulation of external debt by the public sector.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Mozambique\u2019s Ministry of Economy and Finance said on Friday that the approval by the International Monetary Fund (IMF) of the second review of its Extended Credit Facility (ECF) for the country is a demonstration that it is \u201con a good path.\u201d On Thursday the IMF approved the second review of the ECF […]<\/p>\n","protected":false},"author":84,"featured_media":42711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,281,283],"class_list":["post-42712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nIMF approval of second ECF review shows country on track \u2013 ministry - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambique\u2019s Ministry of Economy and Finance said on Friday that the approval by the International Monetary Fund (IMF) o ...\" \/>\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-approval-of-second-ecf-review-shows-country-on-track-ministry\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF approval of second ECF review shows country on track \u2013 ministry\" \/>\n<meta property=\"og:description\" content=\"Mozambique\u2019s Ministry of Economy and Finance said on Friday that the approval by the International Monetary Fund (IMF) o ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry\" \/>\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=\"2023-07-15T18:40:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-15T19:16:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1689432185.832371.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"438\" \/>\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-approval-of-second-ecf-review-shows-country-on-track-ministry#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF approval of second ECF review shows country on track \u2013 ministry\",\"datePublished\":\"2023-07-15T18:40:42+00:00\",\"dateModified\":\"2023-07-15T19:16:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry\"},\"wordCount\":318,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1689432185.832371.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry\",\"name\":\"IMF approval of second ECF review shows country on track \u2013 ministry - Mozambique\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1689432185.832371.jpg\",\"datePublished\":\"2023-07-15T18:40:42+00:00\",\"dateModified\":\"2023-07-15T19:16:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Mozambique\u2019s Ministry of Economy and Finance said on Friday that the approval by the International Monetary Fund (IMF) o ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1689432185.832371.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1689432185.832371.jpg\",\"width\":730,\"height\":438,\"caption\":\"IMF approval of second ECF review shows country on track \u2013 ministry\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mozambique\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IMF approval of second ECF review shows country on track \u2013 ministry\"}]},{\"@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":"IMF approval of second ECF review shows country on track \u2013 ministry - Mozambique","description":"Mozambique\u2019s Ministry of Economy and Finance said on Friday that the approval by the International Monetary Fund (IMF) o ...","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\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry","og_locale":"en_US","og_type":"article","og_title":"IMF approval of second ECF review shows country on track \u2013 ministry","og_description":"Mozambique\u2019s Ministry of Economy and Finance said on Friday that the approval by the International Monetary Fund (IMF) o ...","og_url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry","og_site_name":"Mozambique","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-07-15T18:40:42+00:00","article_modified_time":"2023-07-15T19:16:49+00:00","og_image":[{"width":730,"height":438,"url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1689432185.832371.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"IMF approval of second ECF review shows country on track \u2013 ministry","datePublished":"2023-07-15T18:40:42+00:00","dateModified":"2023-07-15T19:16:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry"},"wordCount":318,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1689432185.832371.jpg","keywords":["Africa Press","Africa Press-Mozambique","Mozambique"],"articleSection":["all news","policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry","url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry","name":"IMF approval of second ECF review shows country on track \u2013 ministry - Mozambique","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1689432185.832371.jpg","datePublished":"2023-07-15T18:40:42+00:00","dateModified":"2023-07-15T19:16:49+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Mozambique\u2019s Ministry of Economy and Finance said on Friday that the approval by the International Monetary Fund (IMF) o ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry#primaryimage","url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1689432185.832371.jpg","contentUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1689432185.832371.jpg","width":730,"height":438,"caption":"IMF approval of second ECF review shows country on track \u2013 ministry"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-approval-of-second-ecf-review-shows-country-on-track-ministry#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mozambique\/"},{"@type":"ListItem","position":2,"name":"IMF approval of second ECF review shows country on track \u2013 ministry"}]},{"@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\/42712","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=42712"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/42712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media\/42711"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media?parent=42712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/categories?post=42712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/tags?post=42712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}