52446
No More Funds for Mozambique
World Economy

No More Funds for Mozambique

The International Monetary Fund will withhold any further funding to Mozambique, which told creditors this week it wants to restructure its commercial loans, while the country is still classified as debt-distressed, a spokesman for the lender said, Bloomberg reported. “In line with fund policies, we cannot disburse funds in a situation where we think the debt is not sustainable,” Gerry Rice told reporters in Washington Thursday, according to a transcript of the briefing posted on the IMF’s website. “As with any country, to be able to disburse we need to know that the debt is sustainable.”

Short URL : https://goo.gl/hHVhq5
  1. https://goo.gl/EPiUTd
  • https://goo.gl/4jcr3q
  • https://goo.gl/F6UQwe
  • https://goo.gl/w4poeP
  • https://goo.gl/cBGmXY

You can also read ...

Philippines May Suspend Excise Taxes on Petroleum Products
The Philippine government will suspend the collection of...
Jordan Approves New IMF-Guided Tax Law
Jordan’s cabinet on Monday approved major IMF-guided proposals...
SBI Reports Record $1.1b Loss
State Bank of India reported a loss of Rs. 7,718 crore ($1.1...
At present, the majority of investments are still being done in oil-gas and traditional industries while there is still almost no SME sector in the country.
While Saudi Arabia’s latest budget figures show progress in...
US, China are nearing a deal to remove American sales ban against ZTE.
US President Donald Trump retreated from imposing tariffs on...
IHS Markit to  Buy Rival Ipreo  for $1.8 Billion
Data firm IHS Markit Ltd. said it will buy smaller rival Ipreo...
Dubai Bank to Buy Turkey’s Denizbank for $3.2 Billion
Dubai’s biggest lender the National Bank of Dubai has agreed...
Catalonia Main Risk to Spain Growth
The political situation in Catalonia is one of the main...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus