Mozambique is recovering well from the damage caused by cyclones in 2019

12 February 2020

Mozambique is recovering well from the combined effect of cyclones Idai and Kenneth, which affected the country in 2019, said in Maputo, the deputy director-general of the International Monetary Fund (IMF), quoted by the Mozambican press.

Tao Zhang, who held a meeting with the Minister of Economy and Finance, Adriano Maleiane, and the governor of the Bank of Mozambique, Rogério Zandamela, as he left praised the macro-economic reforms underway in the country.

“I am particularly satisfied with the economic performance, which has been good, and beyond that, the country is recovering well from the devastating impact of tropical cyclones Idai and Kenneth, registered in the last year,” he said.

The visit of Tao Zhang to Mozambique comes at a time when the return to or no support for the State Budget is being analysed by cooperation partners, including the IMF and the World Bank.

Since 2016, when the hidden debt scandal came to light in Mozambique, the IMF and other cooperation partners suspended their support to the Mozambican state budget.

The case has seen some developments in the Mozambican justice system, which was one of the conditions put in place by the partners for the resumption of aid to the budget, but cooperation partners have yet to make their position clear.  (macauhub)