Fmi

Africa Energy: Egypt hikes gas prices by up to 75% in IMF-backed austerity plan

Posted on by Mozambique Resources Post

Egypt said on Saturday it was raising the price of natural gas for home and commercial use by up to 75%, the latest move in an IMF-backed austerity programme that has left many Egyptians struggling to make ends meet.

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Mozambique Oil & Gas: “The Hidden Debt Issue and The Grand Gas Plans” – by Kevin Godier

Posted on by Mozambique Resources Post

Maputo is playing hardball with its international creditors, while pushing ahead with its grand gas plans, writes Kevin Godier. What: Mozambique will rake in US$350 million from Eni’s sale of a Coral South stake. Why: The government is seeking maximum benefits from its mineral resources. What next: Balancing gas sector revenues with debt servicing will shape the future.

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Mozambique Oil & Gas: Eni Huge Gas Deal to be approved within months

Posted on by Mozambique Resources Post

Mozambique’s long-delayed offshore gas project with Italy’s Eni could be approved within months, sources close to the deal said, sparking investments with the potential to transform one of the world’s poorest countries into a major energy player.

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We Thought You Should Know: IMF Statement on Mozambique

Posted on by Mozambique Resources Post

Press Release No. 16/184 FOR IMMEDIATE RELEASE April 23, 2016   IMF Statement on Mozambique Mr. Michel Lazare, the International Monetary Fund (IMF) Mission Chief for Mozambique, issued the following statement today: “Following a meeting held earlier this week between Carlos Agostinho do Rosario, Prime Minister of Mozambique and Ms. Christine Lagarde, IMF Managing Director, a technical team led by the Vice-Minister of Finance, Ms. Isaltina Lucas, worked intensively with the IMF Mozambique staff team….

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Africa Mining Industry: Zambia mining tax changes with FMI support

Posted on by Mozambique Resources Post

The International Monetary Fund (IMF) backed Tuesday plans by Zambia to change it mining tax system, but warned that only further tightening of fiscal and monetary polices would contain the country’s large deficits. The Southern African nation increased underground mining royalties to 8% from 6%, and open pit taxes to 20% from 8%, as part of major overhaul to the industry’s tax system announced last year, which triggered closures threats and temporary suspension of operations.

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Mozambique Extractive Industry: IMF recommends more fiscal transparency

Posted on by Mozambique Resources Post

Mozambique must strengthen the implementation of reforms to improve its fiscal transparency, considering the macroeconomic challenges facing the country, particularly in the area of ​​natural resources, the International Monetary Fund recommended.

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In Maputo Africa Rising: IMF calls for more infrastructure and human and institutional development in sub-Saharan Africa

Posted on by Mozambique Resources Post

Investment in infrastructure and human and institutional development are the challenges for a sustainable future in sub-Saharan Africa, the director-general of the International Monetary Fund (IMF) said in Maputo Thursday.

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