IMF to visit Mozambique to discuss debt audit concerns

The flag of the International Monetary Fund is pictured at a news conference of its Deputy Managing Director David Lipton in Tokyo, Japan June 19, 2017. REUTERS/Kim Kyung-Hoon

MAPUTO – The International Monetary Fund will visit Mozambique from July 10-19 to discuss issues around the management of public finances following the release of an audit into $2 billion in hidden loans by risk-management firm Kroll, the IMF said on Saturday.

“The publication of these documents constitutes an important step towards greater transparency regarding the loans,” the IMF said in a statement.

“However, information gaps remain, in particular on the use of the loan proceeds. An IMF staff mission will visit Mozambique … to discuss the results of the audit with the authorities and possible follow-up actions.”

(Writing by Joe Brock; Editing by Toby Chopra)

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