Despite the likely adverse macroeconomic effects of cyclone Idai, Mozambique expects a recovery in economic activity over the medium-term, boosted by gas production, the International Monetary Fund has said.
Estimates show that more than 700 people have been killed and hundreds are missing after the cyclone wreaked havoc in Mozambique, Zimbabwe, and Malawi. The United Nations said it has affected almost three million people, of whom nearly 500,000 have been driven from their homes. In a statement issued after a visit by a staff team, the IMF said while it was still early to precisely assess the impact of the cyclone and reconstruction costs, these would be very significant.
“The international community will have to continue playing a vital role in assisting Mozambique,” it said. “In this context, the IMF will consider the authorities’ request for emergency financial assistance under the IMF Rapid Credit Facility.” It said there would be a more significant expansion in economic expansion for the southern African country with the start of liquefied natural gas production expected in 2023.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA's teachers also find it hard to get to school on Mondays - IMFIf you think it's hard for school pupils to wake up on a Monday morning, a study has revealed that doing so is also a problem for teachers who are absent on the first day of the week. StarFMNews Powerfm987 nationalfmzim chisa nyama and beers kkkk....they should paid once in December
Source: TimesLIVE - 🏆 28. / 59 Read more »
Mozambique, Zimbabwe cyclone deaths exceed 300 as UN boosts aid“We already have more than 200 dead, and nearly 350 000 people are at risk,” Mozambican President Filipe Nyusi announced on Tuesday, while the government in Zimbabwe said around 100 people had died but the toll could be three times that figure.
Source: mailandguardian - 🏆 2. / 92 Read more »
Mozambique, Zimbabwe cyclone deaths exceed 300 as UN boosts aidThe death toll from a cyclone that smashed into Mozambique and Zimbabwe rose to more than 300 as rescuers raced against the clock to help survivors and the UN led the charge to provide aid. UK aid is now on the ground in Mozambique and being prepped for distribution SADC region and African Union why are your sitting in the fence? We expected SADC region and AU to be responsive to this tragic incidence caused by the weather climatic elements( climate change and global warming ) 1000 ppl die in one cyclone and you hardly see any global news. Again the world clearly dont give a shit about what happens in Africa. If this was London, New York, Christchurch what then.
Source: News24 - 🏆 4. / 80 Read more »
Mozambique starts 3 days of mourning after cyclone kills hundredsMozambique’s President Filipe Nyusi said in a televised statement on Tuesday that the cyclone had killed more than 200 people in Mozambique but that more bodies were still being discovered. Sad😣
Source: ewnupdates - 🏆 30. / 53 Read more »
Mozambique starts three days of mourning after cyclone kills hundreds'Great floods have sowed mourning and devastation in various areas of Mozambique, Zimbabwe and Malawi,' Pope Francis said on Wednesday.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
LIVE: Mozambique begins 3 days of national mourning as cyclone death toll risesRescue efforts continue in Mozambique and Zimbabwe following the devastating cyclone Idai.
Source: News24 - 🏆 4. / 80 Read more »
Over 300 dead, and counting, in Zimbabwe and Mozambique after Cyclone IdaiMeanwhile, the storm has also unleashed a humanitarian crisis in Malawi, forcing more than 80,000 from their homes
Source: BDliveSA - 🏆 12. / 63 Read more »
Aid agencies struggle to rescue Mozambique cyclone victims as waters riseFatalMoves This is so sad
Source: ewnupdates - 🏆 30. / 53 Read more »
Rescue teams race to save hundreds trapped by Mozambique cycloneCyclone Idai lashed Beira with winds of up to 170 kph (105 mph) last Thursday, then moved inland to Zimbabwe and Malawi, flattening buildings and putting the lives of millions at risk. This is so sad! These human beings doesn't deserve this! I hope you got help in time
Source: eNCA - 🏆 49. / 51 Read more »