The International Monetary Fund (IMF) will send a mission to Mozambique from 8 to 12 June to review recent developments and discuss the “best way” to support the country going forward, according to an official source cited by Lusa.
The mission will be led by Pablo López Murphy, head of the IMF team for Mozambique, the same source confirmed, at a time when the Mozambican government is negotiating a new support programme with the institution.
“The purpose of the visit is to take stock of recent economic developments and discuss the best way for the IMF to support Mozambique in the future,” the IMF official added.
The visit follows an IMF mission to Mozambique in December last year, as part of the regular engagement between the two parties.
In April, Mozambique’s Ministry of Finance confirmed that it had made a full and early repayment of USD 701.4 million to the IMF, settling financing received under the Poverty Reduction and Growth Trust (PRGT).
The repayment was made using the country’s Net International Reserves (NIR). Finance Minister Carla Loveira stated that the decision demonstrates the government’s “capacity for prudent management” of its external obligations and helps restore market confidence.
“By settling this obligation ahead of schedule, the Mozambican State demonstrates prudent management of its external commitments, reinforcing its reputation as a credible partner in the international financial system,” Carla Loveira said at the time while responding to questions from members of Parliament.
The IMF mission therefore takes place in a context of economic assessment and ongoing negotiations between the Mozambican government and the international financial institution, with the aim of defining a new framework of support for the country.
Source: Diário Económico
