§ Mr. WorthingtonTo ask the Chancellor of the Exchequer what negotiations have been taking place between the International Monetary Fund over Mozambique.
§ Sir John CopeThe Mozambican authorities have recently completed discussions with IMF staff on an extension of the three-year enhanced structural adjustment fund programme which ended in 1993. They have also been negotiating an economic recovery package with the World bank. The Mozambican authorities, the fund, and the bank will now collaborate to produce a policy framework paper which will identify Mozambique's macroeconomic and structural policy objectives, Mozambique's strategy to achieve them, and the associated financing requirements, during the fourth year of its ESAF programme. The details of discussions between fund and bank staff of a member's policies are confidential to them.