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"IMF Approves $60.7 Million Disbursement to Mozambique"
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The International Monetary Fund’s executive board has completed the third review of Mozambique’s three-year loan program, enabling an immediate disbursement of approximately $60.7 million to Maputo, the fund announced.

With this review, the total disbursements under the $456 million Extended Credit Facility program approved in 2022 amount to about $273 million, as stated by the IMF late on Monday.

The IMF noted that the program’s performance has been satisfactory, highlighting a significant decline in inflationary pressures and an accelerating economic recovery.

The three-year arrangement aims to support economic recovery, implement policies to reduce public debt and financing vulnerabilities, and create opportunities for public investments in human capital, climate adaptation, and infrastructure.

Piers Potter

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