IMF emergency loan of more than 100 million for the reconstruction of Mozambique after cyclone Idai

abroad, The International Monetary Fund (IMF) Mozambique has a bail-out plan granted of approximately 118 million u.s. dollars (converted as'n 104,93 million euro), for the rebuilding of the city after the passage of the cyclone Idai.

"Mozambique suffered a significant loss of life and significant damage to physical infrastructure and productive capacity as a result of the recent tropical cyclone, Idai," said Tao Zhang, the deputy managing director and acting chairman of IMF, yesterday at the announcement of the loan. "The costs for the emergency assistance and reconstruction will be estimated to be huge, making this storm the heaviest and most expensive natural disaster the country ever saw."

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The money will be the country in southeast Africa to help his immediate financial needs to meet, " he said. In the future, it is important that Mozambique is better prepared for natural disasters and climate change. the

The cyclone hit Mozambique in mid-march, and left a trail of destruction behind. Floods destroyed the fields of about half a million farmers. Around 250,000 houses were at least partially damaged, and around 600 people were killed.