Mozambique: Central bank warns of risk of inflation rising in the medium term
Mozambique: Government to use IMF loan to alleviate budget deficit
1:05 CAT | 27 Apr 2020
Photo: O País
The Mozambican government says that part of the US$309 million loan approved by the International Monetary Fund (IMF) will finance this year’s State Budget deficit, which is set at around 109 billion meticais.
The revelation was made by Ministry of Economy and Finance spokesman Rogério Nkomo exclusively to “O País”.
In the context of the Covid-19 pandemic, Nkomo says that there will be the “financial slack” to finance health, companies and disadvantaged families.
It is thought that the IMF loan will be available to the public treasury as early as next week.
By Edson Arante
Source: O País
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