IMF postpones visit to Mozambique due to Covid-19

17 March 2020

The global outbreak of Covid-19 has led to the postponement of a visit to Maputo by a technical team of the International Monetary Fund (IMF) scheduled for the second half of March, said on Monday the resident IMF representative in Mozambique.

Ary Aisen, who spoke in Maputo on the sidelines of the launch of the Macroeconomic Forecasts Handbook in Mozambique, which will be the basis for the improvement of budgetary planning, said he expected the talks with the technical team to have a favourable outcome for the Mozambican government.

The team’s trip to Maputo was planned after the headquarters of the IMF, in Washington, received a letter with a formal request from the government of Filipe Nyusi to begin discussions around a possible resumption of direct funding of the State Budget.

The IMF spokesman, Gerry Rice, confirmed at the beginning of March, the receipt of a “formal request” from Mozambique for an assistance programme and said that the technical team will discuss the resumption of the assistance programme with the authorities.

The programme was frozen in 2016 when the Wall Street Journal broke the news of Mozambique’s so-called hidden debts, which were State-backed loans taken on by two public enterprises without the proper authorisations and legal status. (macauhub)