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Mozambique’s new central bank chief is an IMF veteran who’ll take on its IMF debt problem

A fisherman cleans his boat beneath Maputo's skyline, Mozambique, August 15, 2015. REUTERS/Grant Lee Neuenburg/File Photo - RTSK9G5

Mozambique’s new central bank governor took office this week, amid hopes that the former International Monetary Fund employee will help repair the country’s relationship with the financial institution and restore investor confidence, after the discovery of a hidden $1.4 billion debt earlier this year. Repairing Mozambique’s fiscal reputation, however, will require more from the country’s government than a key appointment.

For more on this story visit the following link: Mozambique’s new central bank chief is an IMF veteran who’ll take on its IMF debt problem

Source: Quartz Africa

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