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File photo / Abebe Selassie, Director of the IMF's African Department.
The first transcript of the IMF press conference was incorrect as to the statement of Abebe Aemro Selassie, Director of the Fund’s African Department, on Mozambique. Instead of we are not at the moment assuming that there will not be a program next year, it now reads we are not at the moment assuming that there will be a program next year. The IMF has corrected the transcript as follows:
(…)
QUESTION: I want to understand if the outlook for Mozambique for 2018 has been done with or without the IMF program for us. Also, I want to ask you if my government will take a big step for starting the negotiation of a new program? And if you can tell me a little bit which message the official delegation of Mozambique has brought for the meetings that I imagine that you had? Thank you.
MR. SELASSIE: Okay. So, starting with the dialogue we’ve had with the delegation from Mozambique, you know, it was useful to have a meeting with the delegation where they provided us with an update of economic conditions, the macroeconomic situation, which is a bit better than it was earlier this year and last year, but I think they also highlighted and stressed that a lot more remains to be done by way of fiscal reforms in particular.
In terms of our projections we are not at the moment assuming that there will be a program next year, there is no program discussion as you know, the engagement that we had has been interrupted, and this as is well known also so until the gaps that have been identified by the audit that’s been done can be filled, so we are waiting for those to be completed. (…)
[Partial] Transcript of African Department Press Briefing / Abebe Aemro Selassie, Director, African Department, Lucie Mboto Fouda, communication Department (moderator)
October 13, 2017
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