Mozambique: IMF to visit Mozambique in June, in Rapid Policy Change

An IMF team will visit Mozambique in June to discuss a new loan, in a sudden reversal of its position announced on 23 April. A year ago in April 2025 Mozambique and the IMF suspended (but did not cancel) the programme, because Mozambique could not or would not meet IMF demands, particularly devaluation and cuts to the wages of higher paid officials and civil servants. Going into this year’s IMF Spring meetings in Washington, 13-18 April, the hard line remained. IMF officials said no further…