An IMF team will visit Mozambique next month, a spokesman for the Fund confirmed yesterday, to “undertake due diligence” with a view to restoring support to Mozambique. The IMF suspended credit to Mozambique in April after Mozambique admitted to government-guaranteed debt of more than $1 billion which it had not previously disclosed. A planned trip…...

Director of the Intenational Monetary Fund's African Department Antoinette Sayeh, speaks at the Regional Economic Outlook for Sub-Saharan Africa Press Conference, on April 24, 2009 in Washington, DC.
(c) IMF Photo