Mozambique: IMF Approves Disbursement of Further 60.6 Million Dollars

Maputo — The Executive Board of the International Monetary Fund (IMF) on Friday completed the second review under the Extended Credit Facility (ECF) arrangement for Mozambique, which provides the country with access to 45.44 million Special Drawing Rights (about 60.6 million US dollars).

According to an IMF press release, this money is immediately available for budget support, and brings Mozambique’s total disbursements under the ECF arrangement to slightly more than 212 million dollars.

The IMF…