IMF team arrives in Mozambique this month

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IMF team arrives in Mozambique this month

8:34 CAT | 09 Nov 2017

Pedestrians walk past the International Monetary Fund headquarters' complex in Washington Sunday, May 2, 2010. A senior International Monetary Fund official says the IMF's executive board is meeting in Washington to consider how much aid to grant Athens under a massive rescue loan package. (AP Photo/Cliff Owen)

Minister of Economy and Finance Adriano Maleaine today announced that a team from the International Monetary Fund (IMF) is coming to Mozambique this month.

At a time when the IMF reiterated that it would not resume state budget aid program before the hidden debts are cleared up, the Economy and Finance minister remains optimistic.

Also Read: Mozambique needs IMF, open to new probe on hidden loans – Maleiane

Also Read: Corrected: IMF “not at the moment assuming that there will be a program next year” in Mozambique

Minister Maleiane was speaking in Maputo today at the Financial Times Mozambique Summit.

Mozambique has been a member of the IMF for more than 30 years.

Also Read: Watch – Mozambique’s public debt crisis: A taboo at IMF/World Bank Annual Meetings 2017

Source: O País