Press Release No. 16/528

IMF to Initiate Discussions with Mozambique on a New Program

November 28, 2016

A mission led by Mr. Michel Lazare, IMF Mission Chief for Mozambique, will visit Maputo from December 1 to December 12, 2016 to initiate discussions with the Mozambican authorities on a new program. These discussions will continue in the first part of 2017.

In September 2016 the authorities requested the Fund to resume discussions on financial support as soon as possible. As indicated at the time ( See PR N0 16/436 of September 29, 2016), 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.

For more information:

http://www.imf.org/en/News/Articles/2016/11/21/PR16521-IMF-Executive-Board-Considers-Mozambiques-Misreporting-Under-the-Policy-Support-Instrument