At a Glance
- Current IMF membership: 189 countries
- Mozambique Joined the Fund in September 24, 1984; Article XIV
- The Government of Mozambique has notified the International Monetary Fund (IMF) that it has accepted the obligations of Article VIII, Sections 2, 3, and 4 of the IMF Articles of Agreement, effective May 20, 2011
- Total Quotas: SDR 113.6 Million
- Outstanding Purchases and Loans: ESF Arrangements SDR 113.60 Million, ECF Arrangements SDR 8.77 Million
- Last PSI Review: The Fourth Review Under the Policy Support Instrument was completed on July 6, 2012, (Country Report No. 12/148), July 15, 2012 Also available in Portuguese
- Last Article IV Consultation: The 2011 Article IV consultation staff report was discussed by the Executive Board on June 17, 2011 (Country Report No. 11/149), June 28, 2011 Also available in Portuguese
In response to news reports on the IMF’s stance regarding the recent decision by the Mozambique authorities to forego payment on its Eurobond coupon, I would like to emphatically state that the IMF has not expressed any views on the country’s debt repayment priorities. News items reporting such a positioning by the Fund are incorrect and misrepresent the IMF’s views. At the January 26th press conference in Washington DC, Mr. William Murray, the IMF’s deputy spokesman merely clarified the IMF’s policy with regard to financial support to member countries with external arrears to private creditors. A full transcript can be found via the link above.
February 2, 2017
Em resposta a relatos relativos à posição do FMI relativamente à decisão recente das autoridades moçambicanas de não efectuar o pagamento do seu cupão do Eurobond, gostaria de, enfaticamente, afirmar que o FMI não expressou qualquer ponto de vista sobre as prioridades de pagamento de dívida do país. As notícias que referem uma tal posição por parte do Fundo são incorrectas e são uma afirmação falsa dos pontos de vista do FMI. Na conferência de imprensa de 26 de Janeiro em Washington DC, o Sr. William Murray, o porta-voz adjunto do FMI, limitou-se a esclarecer a política do FMI relativa ao apoio financeiro aos seus países-membros com atrasados externos a credores privados. Poderá encontrar-se uma transcrição integral aqui.
February 2, 2017
June 2, 2014
May 30, 2014
May 30, 2014
IMF's Work on Mozambique
March 9, 2017
February 9, 2017
January 26, 2017
January 12, 2017
December 22, 2016
Author/Editor: Mr. Emre Alper ; Mr. Niko A Hobdari ; Ali Uppal
Series: Working Paper No. 16/247
Regional Economic Outlook
Economic growth in sub-Saharan Africa this year is set to drop to its lowest level in more than 20 years, reflecting the adverse external environment, and a lackluster policy response in many countries. However, the aggregate picture is one of multispeed growth: while most of non-resource-intensive countries—half of the countries in the region—continue to perform well, as they benefit from lower oil prices, an improved business environment, and continued strong infrastructure investment, most commodity exporters are under severe economic strains. This is particularly the case for oil exporters whose near-term prospects have worsened significantly in recent months. Sub-Saharan Africa remains a region of immense economic potential, but policy adjustment in the hardest-hit countries needs to be enacted promptly to allow for a growth rebound.
Departmental Papers on Africa
The Departmental African Paper Series covers research on Sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
IMF Opens Africa Training Institute in Mauritius
The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.