12 °c
London
Tuesday, December 5, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Mozambique: Negotiations with IMF could pave way to loan – Alex Vines

FurtherAfrica by FurtherAfrica
November 23, 2018
in Africa, Banking, Economy, Finance, Government, Mozambique
Reading Time: 1 min read
0 0
0
Press Release: IMF staff concludes visit to Mozambique

Negotiations underway between the International Monetary Fund (IMF) and Mozambique could pave the way to the country getting a loan, Alex Vines, head of the Africa program at London’s Chatham House think tank, has said.

 

“The IMF was in Mozambique for conversations about, at least, preparing a programme,” he told journalists on the sidelines of a conference on Angola in Lisbon.

“There won’t be any loans yet, but it is a step ahead to have a technical programme that focusses on fiscal transparency and that prepares the ground for there to be, perhaps, discussions about a longer-term loan. And that means progress for Mozambique,” the analyst added.

Vines also said discussions were moving on from the hidden debt scandal and that there was also progress in negotiations with creditors.

His comments come after the IMF recently presented its latest report in Mozambique’s capital Maputo on economic perspectives for sub-Saharan Africa.

The IMF suspended financial aid to the country in 2016 following the discovery of debts secretly endorsed by the previous Mozambican government on behalf of public companies linked to fishing and maritime safety.

The World Bank expects the economy of Mozambique to grow 3.3% this year, lower than the estimates from the government (4.1%) and the International Monetary Fund (IMF) of 3.5%.

Source: Lusa via Club Of Mozambique

Related

Tags: Alex VinesConferencecreditorsdebts secretly endorsedeconomic perspectivesFeaturefiscal transparencyhead of the Africa program at London’s Chatham HouseIMFInternational Monetary FundLoanlonger-term loanmeans progressMozambican governmentMozambiqueNegotiationsprogrammepublic companiessub-Saharan AfricaWorld Bankмозамбикموزمبيقモザンビーク莫桑比克
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

COP 28: Navigating climate finance – PALOP perspectives and innovation
COP 28

COP 28: Navigating climate finance – PALOP perspectives and innovation

by Elizabeth Khumalo
December 5, 2023
Energy

Mozambique’s gas production to rise by 1% in 2024

by 360 Mozambique
December 5, 2023
COP 28

COP 28: African countries to join battery energy storage systems consortium

by Energy Capital & Power
December 5, 2023
COP 28

COP28: Mozambique defends resilience in development investments

by 360 Mozambique
December 5, 2023
COP 28

Angolan President highlights commitment to renewable energies

by FurtherAfrica
December 5, 2023
Mozambique eVisa
 
MozParks

Translate this page

Read the Latest

COP 28: Navigating climate finance – PALOP perspectives and innovation
COP 28

COP 28: Navigating climate finance – PALOP perspectives and innovation

by Elizabeth Khumalo
December 5, 2023
0

An insightful parallel event on Climate Financing took center stage yesterday at COP28 in Dubai, shedding light on the challenges...

Read more

Mozambique’s gas production to rise by 1% in 2024

December 5, 2023

COP 28: African countries to join battery energy storage systems consortium

December 5, 2023

COP28: Mozambique defends resilience in development investments

December 5, 2023

Angolan President highlights commitment to renewable energies

December 5, 2023

FurtherAfrica Partners Network

The Exchange Farmers Review Africa 360 Mozambique
TechGist Africa Energy Capital & Power Club of Mozambique
Taarifa Rwanda Web3Africa See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa  

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 107.2K other subscribers
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
 

Loading Comments...