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Breaking News: World Bank delays aid to Mozambique pending debt analysis- spokesman
10:23 CAT | 27 Apr 2016
The World Bank is delaying approval of further development loans to Mozambique pending a debt sustainability analysis (DSA) to be conducted with the International Monetary Fund, a spokesman said on Wednesday.
“Processing of investment lending currently continues, while further approval of development policy loans is delayed pending the DSA and the analysis of macro-economic stability by the IMF and the World Bank,” the World Bank spokesman said.
“Following the DSA, a decision will be made on the volume of World Bank support to Mozambique.”
Source: Reuters
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