Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
The World Bank will give Mozambique $6 billion in low-interest loans over five years to address debt, weak growth, and disaster risks, despite IMF rejection due to needed reforms.
The World Bank plans to provide Mozambique with $6 billion in concessional financing over five years to support development amid economic challenges, including high public debt and vulnerability to disasters.
While progress has been made, including the potential restart of a major LNG project and removal from the FATF’s grey list, the IMF has rejected new loan hopes, demanding fiscal reforms and currency devaluation.
The country faces unsustainable debt, weak growth, and institutional weaknesses, with the government relying on short-term borrowing and the metical rated as junk.
5 Articles
El Banco Mundial dará a Mozambique 6 mil millones de dólares en préstamos a bajo interés durante cinco años para abordar la deuda, el débil crecimiento y los riesgos de desastres, a pesar del rechazo del FMI debido a las reformas necesarias.