Moz Requests Financial Assistance from IMF

Mozambique requests financial assistance from the IMF for the first time in a decad

Mozambique has requested financial assistance from the International Monetary Fund (IMF) for the first time in a decade.

An IMF delegation visited Mozambique from 14-28 October 2015, to complete discussions towards the completion of the fifth review under the three-year Policy Support Instrument (PSI) approved in June 2013 and to reach understandings on a new programme to be supported under the IMF's Stand-by Credit Facility.

A PSI is an instrument for countries that are not asking for loans from the IMF. It helps countries design effective economic programmes that deliver clear signals to donors, multilateral development banks and markets of the Fund's endorsement of the strength of a member's policies.

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