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IMF mission to assess public debt arrives in Maputo within the next few days
10:58 CAT | 15 Jun 2016
File photo / IMF director of African Development Antoinette Sayeh
An IMF technical team will arrive in Maputo within the next few days to carry out an assessment of the macroeconomic impact of state guarantees on loans exceeding US$1.4 billion contracted by public companies.
The IMF mission was to have visited Maputo in April this year for scheduled evaluation of the Standby Credit Facility loan, but this visit was cancelled after confirmation by the government of the existence of debts not declared to the multilateral financial institution.
The US Ambassador to Mozambique has said that the confidence of international partners in Mozambique may be restored by an international audit of the public debt.
Source: A Bola
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