![](https://i0.wp.com/realnewsmagazine.net/wp-content/uploads/2022/08/International-Monetary-Fund-IMF.png?fit=222%2C227&ssl=1)
IMF approves disbursement of $60.7m to Mozambique
Business
THE International Monetary Fund’s executive board has completed the third review of Mozambique’s three-year loan programme for an immediate disbursement of $60.7 million to Maputo.
The review brings total disbursements under the $456 million Extended Credit Facility programme approved in 2022 to about $273 million, IMF said.
“Programme performance has been satisfactory,” IMF said
It added that inflationary pressures had declined sharply and the economic recovery is accelerating.
The three-year arrangement is expected to support economic recovery and policies to reduce public debt and financing vulnerabilities.
It will also create space for public investments in human capital, climate adaptation and infrastructure. (Reuters/NAN)
A.
-January 09, 2024 @ 18:54 GMT|
Related Posts
![](https://i0.wp.com/realnewsmagazine.net/wp-content/uploads/2024/09/image-278.png?fit=300%2C227&ssl=1)
CBN approves $20,000 for eligible BDCs at N1,580 exchange rate
THE Central Bank of Nigeria (CBN), says it has approved 20,000 dollars each for eligible Bureaux De Change (BDCs) at...
Read More![](https://i0.wp.com/realnewsmagazine.net/wp-content/uploads/2024/09/image-272.png?fit=306%2C165&ssl=1)
Nigeria, China forge unbreakable bonds, sign $3.3bn historic agreement
IN a landmark event chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun...
Read More![](https://i0.wp.com/realnewsmagazine.net/wp-content/uploads/2024/09/image-244.png?fit=299%2C168&ssl=1)
Financial experts task FG effective use of windfall tax
SOME financial experts have urged the Federal Government to devise a robust implementation plan to ensure that windfall tax on...
Read MoreMost Read
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.