Mozambique requests support for the State Budget from the IMF

25 February 2020

The government of Mozambique has asked the International Monetary Fund (IMF) to send a technical team to start a discussion on resuming its support programme for the country’s State Budget, said the minister of Economy and Finance.

Minister Adriano Maleiane, cited on Monday by daily newspaper Notícias, said that the formal presentation of a letter means that ongoing negotiations between the Government and the International Monetary Fund are going well.

Talking specifically about the State Budget for 2020, the minister said that it would take into account the pledges made by the Government, in particular for agriculture, education and health.

Maleiane gave assurances that the government is finalising the Five-Year Plan, which is a requirement for the Economic and Social Plan (PES), a tool that makes it possible to draft the State Budget.

He added that the figures are not yet definitive and reiterated that only in April would a draft be ready to be discussed or approved by the Mozambican parliament. (macauhub)