Browsing: donors

Economy EMATUM's fleet in Maputo harbour, March 2018. Photo © Tom Bowker / Zitamar News
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Mozambique is currently in negotiations with the International Monetary Fund for an unfunded staff-monitored programme (SMP) to start at the beginning of 2019, which could lead to the financial support restarting later that year.

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Economy Ana Comoana. Photo © Alexandre Nhampossa / Zitamar News
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The Mozambican government is banking on external aid of over $300 million to help cover its $1.26 billion budget deficit next year, saying “everything points to a good outcome” in talks with traditional donor countries, and potential new partners. [...]

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Politics & Economy IMF Managing Director Christine Lagarde 
Photo © IMF
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IMF Managing Director Christine Lagarde yesterday welcomed Mozambique president Filipe Nyusi's willingness to implement an independent, international audit of the $2 billion in government-guaranteed loans taken out by Mozambican fishing and security firms ProIndicus, EMATUM, and MAM. [...]

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Politics & Economy Filipe Nyusi and John Kerry address reporters after meeting  at the U.S. Department of State
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Mozambique president Filipe Nyusi landed in Washington DC today at the start of a four-day visit to the United States during which he will try to smooth relations with the IMF and the World Bank which deteriorated in April following the discovery of $1.4bn undisclosed debts. Nyusi will also [...]

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Finance Rogério Zandamela at his swearing-in ceremony, 1 September 2016. Photo © Simon Kamm / Zitamar News
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Rogério Zandamela on Thursday was sworn in as new governor of Mozambique’s central bank, saying he was determined to do his part to restore the country’s credibility, and regain international confidence in the Mozambican economy. “It will require hard work [and] enormous sacrifices in order [...]

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Aid The Bank of Mozambique seen behind a dilapidated building in Maputo's downtown. © Nuno Rosario via Flickr
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More than $1 billion in hidden state borrowing, which has plunged Mozambique into an unprecedented economic crisis, did not merit a mention in the Bank of Mozambique’s latest evaluation of the country’s economy published on 13 May – despite the central [...]

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Aid Finance Minister Adriano Maleiane addressing journalists in Maputo, 28 April 2016. © Tom Bowker / Zitamar News
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The main western donor countries to Mozambique have told the Maputo government that they are open to the possibility of restarting budget support, if the two sides can agree on a set of reforms and “corrective measures” to restore donor confidence in the [...]

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Aid The Chinese-led Macaneta bridge project in Maputo Province. Photo © Zitamar News
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China has chosen Mozambique as one of three “priority partners” for its investment in Africa, along with Angola and Egypt – a second tier of beneficiaries behind four “pioneer and demonstration countries”, namely Tanzania, Ethiopia, Kenya, and the Republic of [...]

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