The head of mission of the International Monetary Fund (IMF) who is in Maputo, expressed satisfaction with the latest developments in the economic sector, after the last visit in May that culminated in an agreement to resume funding to State Budget.
“There has been a good achievement of the targets, according to the commitments between the International Monetary Fund and the Government, since May this year”, said Álvaro Piris at a meeting this Monday with the Minister of Economy and Finance of Mozambique, Max Tonela.
Also read: IMF approves of Mozambique economic strategy
The IMF mission will be working with Mozambique’s Ministry of Economy and Finance for about 2 weeks and is expected to present an assessment report on 16 September.
The IMF and World Bank have resumed general state budget support after just over five years of suspension following the discovery of undeclared debts.