IMF Approves $60.7 Million Disbursement for Mozambique
The executive board of the International Monetary Fund (IMF) has concluded the third review of Mozambique's three-year loan program, resulting in an immediate disbursement of $60.7 million to Maputo. With this review, the total disbursements under the $456 million Extended Credit Facility program, approved in 2022, have reached approximately $273 million, according to the IMF.
IMF Approves $60.7 Million Disbursement for Mozambique
The executive board of the International Monetary Fund (IMF) has concluded the third review of Mozambique’s three-year loan program, resulting in an immediate disbursement of $60.7 million to Maputo. With this review, the total disbursements under the $456 million Extended Credit Facility program, approved in 2022, have reached approximately $273 million, according to the IMF.
“Programme performance has been satisfactory,” IMF said.
It added that inflationary pressures had declined sharply and the economic recovery is accelerating.
The IMF also noted a significant decline in inflationary pressures and an accelerating economic recovery.
The three-year arrangement aims to support economic recovery, implement policies to reduce public debt and financing vulnerabilities, and allocate resources for public investments in human capital, climate adaptation, and infrastructure.
