IFM Warns Mozambique Against Diverting Profitable SOE Funds To Recapitalise Loss-Making Airline LAM
The International Monetary Fund has cautioned Mozambique against using funds from profitable state-owned enterprises to inject $130 million into the recapitalisation of its chronically loss-making national airline, Linhas Aéreas de Moçambique (LAM), warning of risks to critical infrastructure and broader fiscal stability.
