Newswire

IMF Earmarks Aid for Mozambique

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 also contributes to the daily Newswire and other Devex publications. Rizza joined our Manila office in May 2008.

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