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

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

4:43 CAT | 09 Nov 2017

Saint-Louis Studio - Steven Le Vourc'h (File photo) / Finance minister Adriano Maleiane

Mozambique needs financial support from the International Monetary Fund (IMF) and is open to another investigation into $2 billion of undisclosed debt to hasten the restoration of aid, the finance minister said today, Reuters reports.

“We need money, we need an IMF program, this must be clear. We need the program because all the fiscal consolidation will demand money,” Adriano Maleiane said in a panel discussion at the Financial Times investment summit.

“If it’s needed, the government supports it to clarify where the money went,” he said, referring to another investigation.

Source: Reuters