## Press Release: IMF Statement on Mozambique

_IMF News, April 23, 2016_

## Source details

**Canonical URL:** [Press Release: IMF Statement on Mozambique](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr16184)

## Other formats

- [Markdown version](/en/news/articles/2015/09/14/01/49/pr16184/index.md)
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## Bibliographic details
- Published: April 23, 2016

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### Context and Contacts
- Press Release No. 16/184
- Date: April 23, 2016
- Issued by: IMF COMMUNICATIONS DEPARTMENT, Media Relations
- E-mail: media@imf.org
- Phone: 202-623-7100
- IMF Mission Chief for Mozambique issuing statement: Mr. Michel Lazare
- Mentioned interlocutors: Carlos Agostinho do Rosario, Prime Minister of Mozambique; Ms. Christine Lagarde, IMF Managing Director; Vice-Minister of Finance, Ms. Isaltina Lucas

### Findings from Disclosure
- The authorities acknowledged that an amount in excess of $1 billion of external debt guaranteed by the government had not previously been disclosed to the Fund.
- Staff welcomed the authorities’ extensive disclosure of information which constitutes an important first step toward full restoration of trust and confidence.

### Next Steps and Policy Focus
- The Fund and Mozambique will continue to work together constructively to:
  - evaluate the macroeconomic implications of this disclosure of information, and
  - identify steps to consolidate financial stability, debt sustainability and enhance governance and oversight of public enterprises.

*IMF Press Release No. 16/184 — April 23, 2016*

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## References

- [Republic of Mozambique and the IMF](http://www.imf.org/external/country/MOZ/index.htm)
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- [PRESS CENTER](http://presscenter.imf.org/)
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_Source: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr16184_