Mozambique: Lectures From the IMF, but No New Loan

Maputo — The Executive Board of the International Monetary Fund (IMF) has announced that the Mozambican government faces increasingly difficult financing conditions due to the vulnerability of the country’s debt, both domestic and foreign.

According to an IMF team, that visited Mozambique three months ago, the government faces increasingly difficult financing conditions with delays in debt servicing, and “with delays in debt servicing, the holding of government bonds by national banks – the main…