Mozambique Pursues New IMF Support Program Amid Debt Issues
Mozambique is in discussions with the International Monetary Fund (IMF) for a new support program, following a mission from September 9 to 18, 2026, led by IMF Mission Chief Pablo Lopez-Murphy. The mission included meetings with Prime Minister Maria Benvinda Levi, Finance Minister Carla Loveira, and Central Bank Governor Felisberto Navalha.
Mozambique's previous IMF program concluded early in April 2025, and the new arrangement will depend on the implementation of further economic reforms. The IMF noted that while economic activity is subdued, there are signs of recovery, with inflation under control and ongoing fiscal consolidation initiated in 2025.
However, Mozambique faces significant challenges, including a heavy debt burden classified as unsustainable by a joint World Bank and IMF analysis. Additionally, delays in major natural gas projects, which were anticipated to enhance exports and government finances, have compounded these difficulties.
Earlier in 2026, Mozambique cleared its outstanding obligations with the IMF, which analysts believe strengthens its case for new funding.
Plus234Feed summary based on reporting from Voice of Nigeria. Read the original report below.
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