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IMF Earmarks Aid for Mozambique

By Ma. Rizza Leonzon on 02 July 2009

Mozambique will receive some $176 million under a 12-month, exogenous shocks facility by the International Monetary Fund. Some $132 million will be immediately made available to help the African nation improve its balance of payments amid the global economic slump.
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Ma. Rizza Leonzon
As a staff writer, Rizza focuses mainly on business coverage, including key donors such as the Asian Development Bank and AusAID. She covers breaking business news particularly at the ADB and has conducted interviews with specialists from the Inter-American Development Bank, World Bank and other top players in international development. Rizza also contributes to the daily Development Newswire and other Devex publications.