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Mozambique Sets Sights on Economic Revival with Sovereign Wealth Fund and IMF Boost

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Will McBain

African markets specialist and editor at Allen Dreyfus.
  • Mozambique’s lawmakers approve the creation of a sovereign wealth fund.
  • IMF completes the Third Review under Mozambique’s Extended Credit Facility arrangement.

 

Mozambique’s lawmakers have approved the establishment of a sovereign wealth fund, a step reflecting the country’s burgeoning liquefied natural gas (LNG) industry.

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