Team to hold Mozambique funding talks in early December

Intern 12:39 - 29 November 2016

The International Monetary Fund logo is seen inside its headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas

An IMF team would visit the southern African nation from Dec. 1-12 to open funding discussions

Mozambique has implemented sound economic policies and allowed an audit of two billion dollars of controversial foreign borrowing.

By this move the country paves the way for talks with the International Monetary Fund (IMF) about more government funding, the IMF said.

An IMF team would visit the southern African nation from Dec. 1-12 to open funding discussions, a statement from the Washington-based institution said.