IMF to disburse $59 mln to Mozambique after loan review - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The International Monetary Fund said its executive board on Monday completed its first review of Mozambique’s three-year loan programme, allowing for an immediate disbursement to Maputo of about $59.26 million.

The IMF said Mozambique's implementation of the loan programmes's policy requirements was"strong," despite a challenging global environment that has pushed inflation into the double digits due to high food and fuel prices.The IMF said Mozambique's implementation of the loan programmes's policy requirements was"strong," despite a challenging global environment that has pushed inflation into the double digits due to high food and fuel prices.

The IMF said Mozambique’s implementation of the loan programmes’s policy requirements was “strong,” despite a challenging global environment that has pushed inflation into the double digits due to high food and fuel prices.The IMF projected Mozambique’s real GDP growth would accelerate to 5.0% in 2023 from a projected 3.8% in 2022 and 2.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

SouthAfricansP1 This imf crap is the enslavement of countries for global purposes

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

International Finance: Fund managers are turning ever more pessimistic on the US dollarAsset managers are turning ever more bearish on the dollar amid bets that the Federal Reserve may be approaching the peak of its interest-rate hike cycle.
Source: dailymaverick - 🏆 3. / 84 Read more »