The Mozambican government and the International Monetary Fund (IMF) intend to negotiate a new financial agreement. An IMF statement quoted by Rádio Moçambique (RM) said that an IMF team, led by Pablo Lopez Murphy, visited Maputo from February 19 to March 4 “to discuss the implementation of policies under the ECF agreement”.
According to the IMF portal, the ECF is the Extended Credit Facility, which is designed to provide medium-term financial assistance to low-income countries with protracted balance of payments problems. According to RM, after Lopez Murphy’s departure, “discussions related to the review of the program continued virtually over the following weeks.”
(Source Folha de Maputo)
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