IMF to grant $118 million to Mozambique for cyclone Idai rebuilding
The International Monetary Fund will grant Mozambique a $118.2 million credit facility to help it rebuild infrastructure after a devastating cyclone that killed hundreds of people and flattened whole villages

The International Monetary Fund will grant Mozambique a $118.2 million credit facility to help it rebuild infrastructure after a devastating cyclone that killed hundreds of people and flattened whole villages, the lender said on Friday.
“The financial assistance is intended to address large budgetary and external financing gaps arising from reconstruction needs after Cyclone Idai, which caused significant loss of life and infrastructure damage,” it said.
More than 1,000 people have been reported killed by the storm in Mozambique, Zimbabwe, and Malawi after the worst cyclone in decades lashed the eastern Indian Ocean coast in March with devastating winds of up to 170 km per hour (105 miles per hour).
The heavy flooding caused by torrential rain and winds that pounded villages and cities, especially in the Mozambique port town of Beira has left the improvised southern African nation desperate for cash to kick-start its recovery plan.
The World Bank estimates the affected countries will need over $2 billion to recover.
Mozambique’s $337 million humanitarian response plan, largely made up of an appeal for $281 million after the cyclone hit, covers only 23 percent of the funds needed.
Mozambique also faces a cholera epidemic after the cyclone wiped out water facilities.
Cholera is endemic to Mozambique, which has had regular outbreaks over the past five years. About 2,000 people were infected in the last outbreak, which ended in February 2018, according to the World Health Organisation.
Author Profile
Monika Walker is a senior journalist specializing in regional and international politics, offering in-depth analysis on governance, diplomacy, and key global developments. With a degree in International Journalism, she is dedicated to amplifying underrepresented voices through factual reporting. She also covers world news across every genre, providing readers with balanced and timely insights that connect the Caribbean to global conversations.
Latest
- Saint Lucia: K-9 Dog Tyson laid to rest with Military honors...
-
Saint Lucia records 48th homicide of 2025 as Gros Islet Shoo... -
Israel-Qatar Tensions Escalate: Doha hosts emergency Arab-Is... -
Trinidad: Newborn baby dies 2 days after birth, police launc... -
Arima North Secondary fight caught on camera, parents raise...