IMF thumbs down: secret debt details & major spending cuts required - By Joseph Hanlon
IMF / William Murray, Deputy Spokesman at International Monetary Fund
Transcript – IMF Press Briefing
January 26, 2017
William Murray, Deputy Spokesman at International Monetary Fund
Hi, good day. I’m William Murray, deputy spokesman in the Communications Department here at the International Monetary Fund in Washington. This is one of our regular press briefings.
Let me go to the online. I’ve got a number of questions here. I’ll start with him. He has got a question on Mozambique. It says, on Mozambique and its recent default, please
Let me give you a few items on that.
The IMF remains fully engaged with the authorities.
We continue to follow the ongoing independent audit of Ematum, Proindicus, and MAM, and pursue our discussions on possibility of a new IMF supported program.
In terms of our policy on lending into arrears to private debt holders, as in other cases the IMF will follow the policies as approved by the IMF’s Executive Board, and by extension membership.
The policy stipulates that the Fund can provide financial support to member countries with external arrears to private creditors, provided that
That’s what I have for you today on Mozambique. Thanks.
To read the full, original IMF press briefing, you may follow this linkwww.imf.org / IMF Communications Department