Republic of Mozambique

The last Article IV Executive Board Consultation was on May 9, 2022. Listed below are items related to Republic of Mozambique.

On May 9, 2022, the Executive Board of the International Monetary Fund concluded the 2022 Article IV consultation and approved a 36-month Extended Credit Facility for an amount equivalent to SDR 340.8 million (about US$456 million) for the Republic of Mozambique. The Board’s discussion was based on a staff report prepared by a staff team of the IMF, following discussions with the officials of the Republic of Mozambique on economic developments and policies underpinning the Extended Credit Facility.

Under Article IV of its Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members in order to ensure the effective operation of the international monetary system. The IMF’s appraisal of such policies involves a comprehensive analysis of the general economic situation and policy strategy of each member country. IMF economists visit the member country, usually once a year, to collect and analyze data and hold discussions with government and central bank officials. Upon its return, the staff submits a report to the IMF’s Executive Board for discussion. The Board’s views are subsequently summarized and transmitted to the country’s authorities. The authorities have requested more time to consider the publication of the staff report.