November 29, 2016 / 7:12 AM / in 4 years

IMF team to hold Mozambique funding talks in early Dec

Visitors are silhouetted against the logo of the International Monetary Fund at the main venue for the IMF and World Bank annual meeting in Tokyo October 10, 2012. REUTERS/Kim Kyung-Hoon

JOHANNESBURG (Reuters) - Mozambique has implemented sound economic policies and allowed an audit of $2 billion of controversial foreign borrowing, paving the way for talks with the International Monetary Fund (IMF) about more government funding, the IMF said.

An IMF team would visit the southern African nation from Dec. 1-12 to open funding discussions, a statement from the Washington-based institution said.

Reporting by Ed Cropley; Editing by TJ Strydom

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