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.

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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.

 

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

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