Mozambique

Maputo, Mozambique (Capital Markets in Africa) – Following the Executive Board’s discussion, Mr. Min Zhu, Deputy Managing Director and Acting Chair, issued the following statement: “Mozambique’s continued strong growth performance and low inflation are commendable. Investments in large coal and natural gas projects underpin a positive medium-term outlook, but low commodity prices have increased near-term risks. “Recent program performance under the Fund’s Policy Support Instrument has been mixed. While structural reforms have been proceeding, there were macroeconomic policy…