Mozambique: IMF Demands Austerity And Devaluation

[Mozambique News Reports And Clippings] There will be no IMF agreement or loans this year, said the IMF team which visited Mozambique 21-29 August. It simply said negotiations "will continue in the coming months". And it set harsh conditions including "decisive action to restore macroeconomic stability", which in IMF jargon means harsh austerity imposed quickly.

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