Mozambique is seeking the restoration of direct World Bank budget support as an International Monetary Fund (IMF) team visits Maputo to evaluate the country’s macroeconomic stabilisation plans. Finance Minister Carla Louveira announced the initiative on Tuesday during simultaneous high-level visits from both institutions. The IMF delegation will remain in the capital until June 12 to review fiscal sustainability and explore future funding option…
The World Bank's concerns focus mainly on the shocks that Mozambique felt with the floods that it experienced earlier this year, but also with the impact of the war on the Middle East.