Mozambique: IMF vs Government – Part 2

IMF thinks the money pot is empty and collapse is nigh, but Frelimo is ‘cautiously optimistic’

Frelimo and the IMF do not appear to be looking at the same country. IMF staff say “current policies are unsustainable”. But government “remains cautiously optimistic about near- and medium-term prospects, underpinned by Mozambique’s natural resource endowment,” said Adriano Ubisse, IMF Executive for Mozambique, writing “on behalf of the Mozambique authorities”. IMF points to no jobs and growing…