Welcome to Zitamar’s daily Mozambique briefing for 4 June, 2018. Agenda Today: IMF presents its…
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. [...]
Standard Bank has slashed its growth forecast for Mozambique’s economy for 2018, fearing that an IMF-funded program will continue to be delayed, impacting investor confidence and prospects for the return of donor support.
Standard Bank now expects Mozambique’s currency, the metical, to stabilise at its current level of around 60-61 to the dollar through the end of 2017 - a sentiment echoed by the International Monetary Fund’s representative in Mozambique this week who said [...]
The International Monetary Fund has slashed its forecast for Mozambique’s economic growth in 2021 - apparently ruling out the start of gas revenues for more than five years. [caption id="attachment_4087" align="alignright" width="366"]