Mozambique: No IMF Programme Until Mozambican Debt Sustainable

Maputo — The International Monetary Fund (IMF) has made it clear that there will be no IMF funds for Mozambique until the country's debt is sustainable.

IMF spokesperson Gerry Rice, at his weekly press briefing in Washington on Thursday, confirmed what the Mozambican Finance Ministry itself had said in its briefing to creditors in London two days earlier - namely, that there can be no new IMF programme as long as Mozambique is “debt distressed”.

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