Mozambique: Rise in Fuel Prices Increases Vulnerability of Mozambique’s Economy – IMF

Maputo — The International Monetary Fund (IMF) has warned that the rising international fuel prices, foreign currency shortages and difficulties in managing public finances are increasing the vulnerabilities of Mozambique’s economy.

According to Olamide Harrisson, IMF’s Resident Representative in Mozambique, speaking on Wednesday during the presentation of the economic outlook for sub-Saharan Africa, Mozambique’s economy may also run risks in the current account balance and foreign exchange…