Abebe Selassie, director of the African department of the International Monetary Fund (IMF), said that the institution it represents can provide extra financial aid and gave positive note to the measures announced.
“I think the direction Mozambique has been taking is right,” he said.
The IMF on May 9 approved a new financing program for Mozambique worth $470 million through 2025, with $91 million being made available immediately.
“We recognize these challenges and stand ready to assist governments, including with additional financing” around measures that can “cushion the effects of this crisis on the most vulnerable,” he noted.
“This cost of living crisis affects the population in an amplified way here, because people have fewer resources and resilience to cope with such a shock,” he said.
Selassie is visiting Mozambique “to learn more about the situation in the country and to convey this to the management” of the IMF.
