Mozambique’s public debt to fall below 100% of GDP by 2023
The consultancy Fitch Solutions believes that Mozambique’s public debt should fall below 100% in 2023, due to the acceleration of the economy, higher gas revenues […]
International monetary Fund
IMF reaches agreement with Guinea-Bissau for Extended Credit Facility program
The International Monetary Fund (IMF) announced today that it has reached agreement with the authorities of Guinea-Bissau to negotiate a 36-month program under the Extended […]
IMF admits optimistic picture for signing financial program with Guinea-Bissau in 2023
The International Monetary Fund on Tuesday admitted an “optimistic framework” for signing a financial program with Guinea-Bissau in January 2023, the Guinean Finance Ministry said […]
Mozambican government requests international funding for the country’s private sector
Mozambique’s Economy and Finance Minister, Max Tonela, on Monday in Washington called for support from the African Export and Import Bank (Afrixembank) for the country’s […]
International Monetary Fund in Bissau to analyze public remuneration scheme
A mission from the International Monetary Fund (IMF) arrived in Guinea Bissau to analyze, along with the authorities, the salary bill of the Public Administration […]
Mozambique: World Bank resumes direct support to the State Budget
World Bank to disburse $300 million in direct support to Mozambique’s State Budget, six years after international partners suspended the model due to hidden debts. […]
Suez Canal announces record profit of $7 billion
The Suez Canal on Monday announced a record profit of $7 billion (about 6.7 billion euros) in the 2021-2022 fiscal year, after repeatedly raising transit […]
IMF in Lusaka to bail out debt
The IMF’s financial support to Zambia to bail out a massive debt that has put the country into default is expected to be concluded in […]
IMF board approves $456 million program for Mozambique
The International Monetary Fund on Tuesday granted a $456 million (€432 million) loan to Mozambique, the first since it withdrew six years ago at the […]
Food prices: IMF warns of “risks of social unrest” in Africa
Soaring food prices are causing the International Monetary Fund to fear “social unrest” on the continent. “Fears about food security have increased sharply” with the […]