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Financial Help: IMF, Mozambique Meet Thursday

imf-office

By Modupe Gbadeyanka

The International Monetary Fund (IMF) has indicated its readiness to meet with the Mozambican authorities on the new program they have put in place in order to get a financial support from the world body.

Already, a mission led by IMF Mission Chief for Mozambique, Mr Michel Lazare, has disclosed that it will visit Maputo from December 1 to December 12, 2016 to initiate discussions on the matter.

Mr Lazare said further that these discussions will continue in the first part of 2017.

Business Post reports that in September 2016, Mozambique requested the IMF to resume discussions on financial support as soon as possible.

As indicated at the time, a solid track record of implementation of sound macroeconomic policies and an effective initiation of the audit process in the near term would help to create the conditions for a possible resumption of program discussions with the IMF.

Since then, these conditions have been met, opening the way to the upcoming mission.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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