IMF to visit Mozambique over audit concerns

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 has said.

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.

Reuters/Ime N