{"id":9587,"date":"2021-11-25T17:28:07","date_gmt":"2021-11-25T17:28:07","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=9587"},"modified":"2021-11-25T15:49:19","modified_gmt":"2021-11-25T15:49:19","slug":"imf-in-talks-with-mozambique-over-financial-program-alexis-meyer-cirkel","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-in-talks-with-mozambique-over-financial-program-alexis-meyer-cirkel","title":{"rendered":"IMF in talks with Mozambique over financial program \u2013 Alexis Meyer Cirkel"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The representative of the International Monetary Fund (IMF) in Mozambique, Alexis Meyer-Cirkel, said today that talks with the country\u2019s government for a long-term financial program are underway.<\/p>\n

\u201cWe are there, talking to the [Mozambican] government. There was a demonstration of interest in a longer-term financing program; there is this conversation and the materialisation of a financial program will depend on this dialogue and interest\u201d on the part of the Mozambican executive, Meyer-Cirkel said.<\/p>\n

The IMF representative was answering a question by Lusa after an online presentation on the country and the region\u2019s economic outlook<\/p>\n

At the same time, he explained that work relating to consultation with Mozambique under the \u2018fourth article\u2019 of the IMF statutes, which provides for consultations with member states, even without a financial program in place, is entering the \u201cfinal stage\u201d.<\/p>\n

Pending tasks \u201cshould be completed in the coming weeks\u201d and the corresponding report must be published during the first quarter of 2022.<\/p>\n

Talks about a financial support program were affected by the Covid-19 pandemic<\/p>\n

In March of this year, discussions between the Fund and Mozambique were postponed at the request of the Mozambican government, \u201cnot for lack of interest, but because of the difficulty of doing the necessary work in the context of the pandemic,\u201d said the director of the IMF\u2019s African department, Abebe Selassie.<\/p>\n

Despite having suspended support to the country in 2016, after the state\u2019s US$2.7 billion \u2018hidden debts\u2019 came to light, the IMF lent the country \u20ac104 million in 2019 in support of humanitarian and reconstruction efforts after cyclones Idai and Kenneth hit.<\/p>\n

After the Covid-19 pandemic was declared, the IMF provided \u20ac564 million in support to Mozambique, about half of it in a loan to be repaid \u201conly after the production, export and tax revenues of liquefied natural gas start\u201d, the organization announced at the time.<\/p>\n

The help in the context of Covid-19 concerns three items.<\/p>\n

One is a loan of US$309 million (\u20ac275 million) through the rapid credit facility (RCF), to be repaid \u201conly after the production, export and tax revenues of liquefied natural gas take off\u201d.<\/p>\n

Another is a US$13.4 million contribution (\u20ac12 million) from the IMF\u2019s Catastrophe Containment and Relief Trust (CCRT) that provides debt relief to the poorest and most vulnerable countries affected by natural or public health disasters.<\/p>\n

Mozambique also had access to US$312 million (\u20ac22 million) of proportional Special Drawing Rights, which are intended to strengthen the country\u2019s financial system.<\/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 representative of the International Monetary Fund (IMF) in Mozambique, Alexis Meyer-Cirkel, said today that talks with the country\u2019s government for a long-term financial program are underway. \u201cWe are there, talking to the [Mozambican] government. There was a demonstration of interest in a longer-term financing program; there is this conversation and the […]<\/p>\n","protected":false},"author":84,"featured_media":9586,"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-9587","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":"\nIMF in talks with Mozambique over financial program \u2013 Alexis Meyer Cirkel - Mozambique<\/title>\n<meta name=\"description\" content=\"The representative of the International Monetary Fund (IMF) in Mozambique, Alexis Meyer-Cirkel, said today that talks wi ...\" \/>\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-in-talks-with-mozambique-over-financial-program-alexis-meyer-cirkel\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF in talks with Mozambique over financial program \u2013 Alexis Meyer Cirkel\" \/>\n<meta property=\"og:description\" content=\"The representative of the International Monetary Fund (IMF) in Mozambique, Alexis Meyer-Cirkel, said today that talks wi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-in-talks-with-mozambique-over-financial-program-alexis-meyer-cirkel\" \/>\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=\"2021-11-25T17:28:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-619fb066127d2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"721\" \/>\n\t<meta property=\"og:image:height\" content=\"439\" \/>\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-in-talks-with-mozambique-over-financial-program-alexis-meyer-cirkel#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-in-talks-with-mozambique-over-financial-program-alexis-meyer-cirkel\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF in talks with Mozambique over financial program \u2013 Alexis Meyer Cirkel\",\"datePublished\":\"2021-11-25T17:28:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-in-talks-with-mozambique-over-financial-program-alexis-meyer-cirkel\"},\"wordCount\":425,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-in-talks-with-mozambique-over-financial-program-alexis-meyer-cirkel#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-619fb066127d2.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\/imf-in-talks-with-mozambique-over-financial-program-alexis-meyer-cirkel#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-in-talks-with-mozambique-over-financial-program-alexis-meyer-cirkel\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/imf-in-talks-with-mozambique-over-financial-program-alexis-meyer-cirkel\",\"name\":\"IMF in talks with Mozambique over financial program \u2013 Alexis Meyer Cirkel - 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