Mozambique: IMF Loan for Post-Cyclone Emergency Aid

Maputo — The Executive Board of the International Monetary Fund (IMF) has approved a loan to Mozambique of 118.2 million US dollars under its Rapid Credit Facility (RCF).

An IMF press release says that this financial aid "is intended to address large budgetary and external financing gaps arising from reconstruction needs after Cyclone Idai, which caused significant loss of life and infrastructure damage."

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