The Bank of Mozambique (BdM) announced that the country’s Net International Reserves (NIR) fell to 221.3 million meticais (3.5 million dollars) in April, marking the third consecutive month of decline.
According to data provided by the institution, these reserves are currently enough to cover around three months of the import needs forecast for the year. If major projects are excluded, the coverage rises to almost five months, according to information from Lusa.
In April, after a meeting with the President of the Republic, Filipe Nyusi, in Washington, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, praised the “good performance” of the Mozambican economy, pointing out that the country maintains an active programme with the IMF, and highlighting the improvement in the fiscal situation, economic growth and the reduction in inflation, despite the recent setbacks in international reserves.
The meeting, which lasted more than 30 minutes at IMF headquarters, reinforced the perception that Mozambique is strengthening its institutions and implementing effective policies, contributing to a more stable and promising economic environment.
