Agencia de Informacao de Mocambique (Maputo)
2 July 2009
The Executive Board of the International Monetary Fund (IMF)on Wednesday approved a loan of 176 million US dollars for Mozambique over the next year to counter the effects of the world economic crisis.
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We know that there is a shortage of money available to help farmers with fertilizer loans, and we have written to many governments departments in Africa to offer an interest-free fertilizer Credit Fund of US$20 million or more with an L/C of 12 months.
We are offering all of this with a 12-month interest-free Credit Fund of US$20 million. If this is not enough, we can offer US$50 million