The International Monetary Fund (IMF) is set to send a delegation to Mozambique in November to continue discussions on the country’s economic outlook and explore potential avenues for renewed financial assistance, the fund’s mission chief, Pablo Lopez Murphy, said on Tuesday.
The visit will form part of the IMF’s 2025 Article IV consultation, which reviews member countries’ economic policies and performance. The mission will focus on Mozambique’s macroeconomic challenges, balance-of-payments situation, and future financing needs.
The planned engagement follows a meeting in Washington, D.C., between IMF Deputy Managing Director Bo Li and Mozambique’s President Daniel Chapo on Monday, described by Lopez Murphy as “productive.”
Mozambique’s previous IMF program concluded earlier this year after the government opted not to continue with the final reviews under its Extended Credit Facility arrangement and instead requested a new program.
The renewed talks come as the country anticipates an economic boost from TotalEnergies’ multibillion-dollar liquefied natural gas (LNG) project, expected to begin production near the end of the decade. The project is viewed as crucial for strengthening fiscal revenues and supporting long-term growth.
In August, IMF staff emphasized the need for decisive policy measures to restore economic stability following a slowdown in growth after last year’s contested elections. The fund has advised Mozambique to implement front-loaded fiscal adjustments and increase exchange-rate flexibility to bolster resilience and investor confidence.
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Source:Africa Publicity
