US EditionAmending the IMF lending
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Amending the IMF lending
Good afternoon. It was perhaps inevitable that something was going to happen to the Mozambican government’s loan programme with the International Monetary Fund (IMF; see below). The government was only partially fulfilling the conditions of the loan last year, when anti-government protests blew up and punched an estimated $664m hole in state revenues. Since then, ministers have suspended VAT on sugar, cooking oil and soap to address people’s com…
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