The International Monetary Fund (IMF) has approved the disbursement of a $60.7 million loan request for Mozambique.
The IMF’s executive board said it has completed the third review of Mozambique’s three-year loan program, allowing for an immediate disbursement to Maputo of about $60.7 million.
According to a statement signed by the organisation late Monday, it said the review brings total disbursements under the $456 million Extended Credit Facility program approved in 2022 to about $273 million.
“Program performance has been satisfactory,” it said in a statement, adding that inflationary pressures had declined sharply and the economic recovery is accelerating.
The three-year arrangement is expected to support economic recovery and policies to reduce public debt and financing vulnerabilities while creating space for public investments in human capital, climate adaptation and infrastructure.
 has approved the disbursement of a $60.7 million loan request for Mozambique.){kind=link}