Mozambique Eyes New IMF Loan Programme After Mission Ends
Mozambique's finance ministry said an IMF mission had concluded and voiced hope it would lead to a new support programme, with talks likely to focus on reforms and debt.
Mozambique's finance ministry said an International Monetary Fund mission has wrapped up its work in the country, raising hopes that the visit will open the door to a fresh support programme.
In a statement, the ministry indicated that a follow-up mission could take place, possibly in November, to work through programme conditions and targets.
The southern African nation's earlier IMF programme came to an end in early April 2025, and negotiations on a new arrangement are expected to centre on economic reforms.
Mozambique's most urgent problem is its debt load, which a joint World Bank and IMF debt sustainability analysis has judged to be unsustainable. The country's borrowing troubles trace back to a hidden-debt scandal in 2016 that damaged investor confidence and restricted its access to financing.
Those difficulties have been compounded by delays to major natural gas projects that had been expected to lift exports, revenue and public finances.
Earlier this year, Mozambique settled its arrears to the IMF, a step analysts said would improve its chances of securing new funding.